Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 35.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,491 shares of the basic materials company's stock after selling 10,805 shares during the quarter. Teacher Retirement System of Texas' holdings in Cal-Maine Foods were worth $1,772,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in Cal-Maine Foods during the 1st quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in Cal-Maine Foods by 388.2% during the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after purchasing an additional 493 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cal-Maine Foods during the 1st quarter valued at approximately $77,000. Harbor Capital Advisors Inc. increased its stake in Cal-Maine Foods by 126.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 513 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the 4th quarter valued at approximately $134,000. Institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports 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 reaffirmed an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Cal-Maine Foods Trading Down 0.2%

CALM traded down $0.22 during midday trading on Friday, hitting $100.52. 701,496 shares of the company traded hands, compared to its average volume of 762,006. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 4.97 and a beta of 0.17. Cal-Maine Foods, Inc. has a 52-week low of $62.69 and a 52-week high of $116.41. The business has a 50 day simple moving average of $97.70 and a two-hundred day simple moving average of $97.68.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 26.08% and a return on equity of 48.72%. The company's revenue was up 101.6% compared to the same quarter last year. During the same period last year, the firm posted $3.00 earnings per share. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 1,287,616 shares of the business's 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 transaction, the insider owned 1,702,853 shares of the company's stock, valued at approximately $154,278,481.80. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.