20,070 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Csenge Advisory Group

Csenge Advisory Group bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 20,070 shares of the basic materials company's stock, valued at approximately $1,836,000.

A number of other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in Cal-Maine Foods during the first quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in Cal-Maine Foods by 388.2% during the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after purchasing an additional 493 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cal-Maine Foods during the 1st quarter valued at approximately $77,000. Harbor Capital Advisors Inc. increased its stake in Cal-Maine Foods by 126.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 513 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Cal-Maine Foods by 139,900.0% in the first quarter. NBC Securities Inc. now owns 1,400 shares of the basic materials company's stock worth $127,000 after acquiring an additional 1,399 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Up 18.4%

NASDAQ:CALM traded up $19.28 during trading hours on Wednesday, hitting $123.99. The stock had a trading volume of 1,686,006 shares, compared to its average volume of 774,953. Cal-Maine Foods, Inc. has a 1-year low of $63.57 and a 1-year high of $126.24. The business has a 50 day simple moving average of $99.28 and a two-hundred day simple moving average of $97.71. The company has a market cap of $6.08 billion, a PE ratio of 6.13 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $1.75. Cal-Maine Foods had a net margin of 26.08% and a return on equity of 48.72%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $877.03 million. During the same quarter last year, the company earned $2.32 earnings per share. Cal-Maine Foods's revenue for the quarter was up 72.1% on a year-over-year basis. Research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CALM. Stephens increased their price target on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th.

Cal-Maine Foods 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.