Sherbrooke Park Advisers LLC Trims Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sherbrooke Park Advisers LLC decreased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 71.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased 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 in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the fourth quarter worth about $134,000. Nisa Investment Advisors LLC increased its stake in shares of Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after purchasing an additional 1,118 shares in the last quarter. KBC Group NV increased its stake in shares of Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after purchasing an additional 629 shares in the last quarter. Finally, Colonial River Investments LLC purchased a new position in shares of Cal-Maine Foods in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods 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 completion of the sale, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. The trade was a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Stephens reiterated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

Cal-Maine Foods Trading Down 0.8%

CALM stock opened at $96.36 on Wednesday. The firm has a 50 day moving average of $93.02 and a 200-day moving average of $97.43. Cal-Maine Foods, Inc. has a 12 month low of $57.43 and a 12 month high of $116.41. The firm has a market capitalization of $4.73 billion, a P/E ratio of 7.50 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same period last year, the business earned $3.00 earnings per share. Cal-Maine Foods's revenue was up 101.6% compared to the same quarter last year. Sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current 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.

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