2,825 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,825 shares of the basic materials company's stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALM. Financial Management Professionals Inc. bought a new position in Cal-Maine Foods during the first quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of Cal-Maine Foods by 388.2% in the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after buying an additional 493 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Cal-Maine Foods during the 1st quarter worth approximately $77,000. Harbor Capital Advisors Inc. increased its holdings in shares of 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 worth $84,000 after acquiring an additional 513 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after acquiring an additional 797 shares during the period. Institutional investors own 84.67% of the company's stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Down 0.8%

Shares of CALM traded down $0.76 during midday trading on Thursday, reaching $98.58. 559,236 shares of the stock were exchanged, compared to its average volume of 750,005. The stock's 50 day simple moving average is $95.80 and its 200 day simple moving average is $98.00. The company has a market cap of $4.84 billion, a P/E ratio of 4.87 and a beta of 0.17. Cal-Maine Foods, Inc. has a twelve month low of $60.00 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a net margin of 26.08% and a return on equity of 48.72%. The business's revenue for the quarter was up 101.6% on a year-over-year basis. During the same period last year, the firm earned $3.00 earnings per share. As a group, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Wall Street Analyst Weigh In

CALM has been the topic of several research reports. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Finally, Stephens reissued an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report 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.