Robeco Institutional Asset Management B.V. Purchases 17,407 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Robeco Institutional Asset Management B.V. increased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 261.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,062 shares of the basic materials company's stock after buying an additional 17,407 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Cal-Maine Foods were worth $2,187,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CALM. Financial Management Professionals Inc. purchased a new stake in shares of Cal-Maine Foods in the first quarter worth approximately $30,000. Blue Trust Inc. raised its stake 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 worth $56,000 after purchasing an additional 493 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Cal-Maine Foods in the first quarter worth approximately $77,000. Harbor Capital Advisors Inc. raised its stake in shares of Cal-Maine Foods by 126.0% in the first quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock worth $84,000 after purchasing an additional 513 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after purchasing an additional 797 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 1,287,616 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 $116,658,009.60. Following the completion of the transaction, the insider directly owned 1,702,853 shares of the company's stock, valued at approximately $154,278,481.80. This represents a 43.06% 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CALM shares. BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Wall Street Zen raised Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Cal-Maine Foods Trading Down 1.1%

Shares of CALM stock traded down $1.17 during trading on Friday, hitting $102.00. The company's stock had a trading volume of 433,063 shares, compared to its average volume of 758,711. The company has a market cap of $5.00 billion, a PE ratio of 5.04 and a beta of 0.17. The business has a fifty day moving average of $96.99 and a 200-day moving average of $97.69. Cal-Maine Foods, Inc. has a 52 week low of $62.35 and a 52 week high of $116.41.

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

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.