Eldred Rock Partners LLC Acquires 14,890 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Eldred Rock Partners LLC grew its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 10.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,520 shares of the basic materials company's stock after purchasing an additional 14,890 shares during the quarter. Cal-Maine Foods makes up approximately 4.5% of Eldred Rock Partners LLC's portfolio, making the stock its 6th largest holding. Eldred Rock Partners LLC owned 0.33% of Cal-Maine Foods worth $14,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CALM. Vest Financial LLC boosted its stake in Cal-Maine Foods by 17.2% during the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock worth $2,424,000 after buying an additional 3,449 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Cal-Maine Foods by 1,061.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock worth $3,330,000 after buying an additional 30,089 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after buying an additional 797 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Cal-Maine Foods during the fourth quarter worth $239,000. Finally, US Bancorp DE boosted its stake in Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after buying an additional 156 shares in the last quarter. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM traded down $0.79 on Thursday, hitting $94.61. The stock had a trading volume of 154,368 shares, compared to its average volume of 745,960. Cal-Maine Foods, Inc. has a twelve month low of $57.43 and a twelve month high of $116.41. The firm's 50 day moving average price is $94.17 and its 200-day moving average price is $97.78. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 7.36 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm's quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 EPS. As a group, sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling

In related news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the transaction, the insider now owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Stephens restated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.

About Cal-Maine Foods

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.