Two Sigma Investments LP Sells 110,067 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Two Sigma Investments LP lowered its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,045 shares of the basic materials company's stock after selling 110,067 shares during the period. Two Sigma Investments LP owned about 0.35% of Cal-Maine Foods worth $17,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC increased its holdings in shares of 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 worth $391,000 after buying an additional 92 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Cal-Maine Foods by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after buying an additional 97 shares in the last quarter. Two Sigma Securities LLC lifted its holdings in shares of Cal-Maine Foods by 2.8% in the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock worth $401,000 after acquiring an additional 106 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Cal-Maine Foods by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after buying an additional 136 shares during the last quarter. Finally, US Bancorp DE increased its stake in Cal-Maine Foods by 2.4% in the 4th 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. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 0.5%

NASDAQ:CALM traded up $0.50 on Tuesday, hitting $95.60. The stock had a trading volume of 288,874 shares, compared to its average volume of 1,026,839. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 7.44 and a beta of 0.18. The business's 50-day simple moving average is $93.62 and its two-hundred day simple moving average is $97.66. Cal-Maine Foods, Inc. has a 52-week low of $57.43 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 EPS for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The company 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 was up 101.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.00 EPS. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CALM has been the topic of a number of research reports. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Stephens reaffirmed an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday.

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.