Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,481 shares of the basic materials company's stock after selling 4,044 shares during the period. Rhumbline Advisers owned 0.24% of Cal-Maine Foods worth $10,861,000 at the end of the most recent quarter.

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

Cal-Maine Foods Stock Down 3.6%

Shares of Cal-Maine Foods stock traded down $3.44 on Wednesday, hitting $92.66. The stock had a trading volume of 864,614 shares, compared to its average volume of 752,261. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 7.21 and a beta of 0.17. The stock's 50-day simple moving average is $94.55 and its two-hundred day simple moving average is $97.84. Cal-Maine Foods, Inc. has a one year low of $57.56 and a one year 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, beating analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same quarter in the previous year, the business posted $3.00 EPS. The company's quarterly revenue was up 101.6% on a year-over-year basis. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Stephens reaffirmed an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

Insider Activity

In other news, insider Adolphus B. Baker sold 140,266 shares of the 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 trade represents a 9.61% decrease in their ownership of the stock. The transaction 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.

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.