Jefferies Financial Group Inc. Sells 14,849 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Jefferies Financial Group Inc. reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 74.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,035 shares of the basic materials company's stock after selling 14,849 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Cal-Maine Foods were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CALM. Financial Management Professionals Inc. purchased a new position in shares of Cal-Maine Foods during the 1st quarter worth approximately $30,000. Investment Management Corp VA ADV boosted its position in shares of Cal-Maine Foods by 172.2% during the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 248 shares in the last quarter. Blue Trust Inc. grew its stake in Cal-Maine Foods by 388.2% in the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock worth $56,000 after purchasing an additional 493 shares during the period. Future Financial Wealth Managment LLC bought a new position in Cal-Maine Foods in the first quarter worth $77,000. Finally, Harbor Capital Advisors Inc. lifted its position in Cal-Maine Foods by 126.0% during the first quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock valued at $84,000 after buying an additional 513 shares during the period. Hedge funds and other institutional investors own 84.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CALM shares. Stephens upped their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. BMO Capital Markets raised their target price on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th.

Cal-Maine Foods Stock Up 1.9%

Shares of NASDAQ CALM traded up $1.98 during trading on Friday, reaching $107.74. The company had a trading volume of 723,761 shares, compared to its average volume of 980,620. Cal-Maine Foods, Inc. has a 12-month low of $68.22 and a 12-month high of $126.40. The business's 50-day moving average is $102.12 and its 200 day moving average is $97.74. The stock has a market cap of $5.28 billion, a PE ratio of 4.32 and a beta of 0.19.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $5.29 by $1.75. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $877.03 million. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. Cal-Maine Foods's revenue was up 72.1% compared to the same quarter last year. During the same period last year, the business earned $2.32 EPS. On average, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Company Profile

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.