Sherbrooke Park Advisers LLC Sells 4,948 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sherbrooke Park Advisers LLC lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 71.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,997 shares of the basic materials company's stock after selling 4,948 shares during the period. Sherbrooke Park Advisers LLC's holdings in Cal-Maine Foods were worth $206,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Savant Capital LLC grew its stake in Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after buying an additional 92 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Cal-Maine Foods by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after acquiring an additional 97 shares during the period. Two Sigma Securities LLC grew its position in shares of Cal-Maine Foods by 2.8% in the fourth quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 106 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Cal-Maine Foods by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 136 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Cal-Maine Foods by 2.4% in the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after purchasing an additional 156 shares during the period. Institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

CALM has been the topic of a number of research analyst reports. Wall Street Zen raised Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens reaffirmed 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.

Cal-Maine Foods Stock Performance

Shares of CALM stock traded up $0.09 during mid-day trading on Monday, reaching $95.10. The company's stock had a trading volume of 496,354 shares, compared to its average volume of 753,458. The firm's 50-day moving average is $93.51 and its two-hundred day moving average is $97.63. The company has a market cap of $4.66 billion, a P/E ratio of 7.40 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.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The business 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 20.39% and a return on equity of 33.69%. The firm's revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 earnings per share. Sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods 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 completion of the transaction, the insider now directly owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.45% of the company's stock.

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.