Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,049 shares of the basic materials company's stock after selling 8,049 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.10% of Cal-Maine Foods worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Cal-Maine Foods during the 1st quarter valued at about $527,000. Bank of New York Mellon Corp raised its position in shares of Cal-Maine Foods by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 562,810 shares of the basic materials company's stock valued at $51,159,000 after buying an additional 45,201 shares during the last quarter. KBC Group NV raised its position in shares of Cal-Maine Foods by 23.2% during the first quarter. KBC Group NV now owns 2,071 shares of the basic materials company's stock valued at $188,000 after buying an additional 390 shares during the last quarter. GAMMA Investing LLC increased its position in Cal-Maine Foods by 25.7% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the basic materials company's stock worth $156,000 after purchasing an additional 352 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Cal-Maine Foods in the fourth quarter worth $1,123,000. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM traded up $1.17 during midday trading on Monday, reaching $107.11. 435,499 shares of the company's stock were exchanged, compared to its average volume of 767,035. The firm's 50 day simple moving average is $98.79 and its two-hundred day simple moving average is $97.67. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 5.30 and a beta of 0.17. Cal-Maine Foods, Inc. has a fifty-two week low of $63.37 and a fifty-two week high of $116.41.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CALM shares. Wall Street Zen raised shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Stephens upped their price objective on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

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.