Jefferies Financial Group Inc. Acquires 14,284 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Jefferies Financial Group Inc. grew its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 255.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,884 shares of the basic materials company's stock after purchasing an additional 14,284 shares during the period. Jefferies Financial Group Inc.'s holdings in Cal-Maine Foods were worth $2,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after purchasing an additional 118,162 shares during the last quarter. American Century Companies Inc. grew its position in Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after purchasing an additional 143,189 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after purchasing an additional 104,512 shares during the last quarter. Northern Trust Corp grew its position in Cal-Maine Foods by 60.2% in the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after purchasing an additional 253,310 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cal-Maine Foods by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock worth $66,294,000 after purchasing an additional 22,939 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction that occurred on 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 directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CALM. Wall Street Zen lowered shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Stephens reiterated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th.

Cal-Maine Foods Stock Up 2.0%

NASDAQ:CALM traded up $1.88 on Friday, reaching $95.95. The stock had a trading volume of 860,813 shares, compared to its average volume of 747,931. The company has a market capitalization of $4.71 billion, a P/E ratio of 7.47 and a beta of 0.18. Cal-Maine Foods, Inc. has a 1-year low of $57.43 and a 1-year high of $116.41. The stock has a fifty day moving average price of $93.90 and a 200-day moving average price of $97.75.

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