Two Sigma Investments LP Trims Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Two Sigma Investments LP decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 38.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,045 shares of the basic materials company's stock after selling 110,067 shares during the quarter. Two Sigma Investments LP owned approximately 0.35% of Cal-Maine Foods worth $17,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Cal-Maine Foods by 350.5% during the 4th 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 during the last quarter. Vest Financial LLC lifted its stake in shares of Cal-Maine Foods by 17.2% during the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock worth $2,424,000 after purchasing an additional 3,449 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Cal-Maine Foods by 1,061.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock worth $3,330,000 after purchasing an additional 30,089 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Cal-Maine Foods by 339.1% during the 4th 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 during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Cal-Maine Foods by 112.4% during the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock worth $1,215,000 after purchasing an additional 6,247 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 1.6%

Shares of NASDAQ:CALM traded down $1.55 during trading on Wednesday, hitting $93.97. The stock had a trading volume of 92,021 shares, compared to its average volume of 750,079. Cal-Maine Foods, Inc. has a 12-month low of $57.43 and a 12-month high of $116.41. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 7.30 and a beta of 0.18. The stock has a 50-day simple moving average of $93.76 and a two-hundred day simple moving average of $97.64.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period last year, the company earned $3.00 earnings per share. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CALM. Stephens restated an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. Wall Street Zen upgraded Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th.

Insider Buying and Selling

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.45% of the stock is owned by corporate insiders.

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.