Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock Position Lifted by Vest Financial LLC

Vest Financial LLC boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 77.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,861 shares of the basic materials company's stock after purchasing an additional 18,308 shares during the quarter. Vest Financial LLC owned about 0.09% of Cal-Maine Foods worth $3,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CALM. Financial Management Professionals Inc. bought a new stake in shares of Cal-Maine Foods during the 1st quarter worth about $30,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cal-Maine Foods during the 1st quarter worth about $77,000. Smartleaf Asset Management LLC raised its position 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 buying an additional 797 shares in the last quarter. NBC Securities Inc. raised its position in shares of Cal-Maine Foods by 139,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,400 shares of the basic materials company's stock worth $127,000 after buying an additional 1,399 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Cal-Maine Foods during the 4th quarter worth about $134,000. 84.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Adolphus B. Baker sold 140,266 shares of the business's 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 sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on CALM shares. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Stephens restated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st.

Cal-Maine Foods Trading Up 2.6%

Shares of NASDAQ CALM traded up $2.46 during midday trading on Friday, reaching $98.13. The company's stock had a trading volume of 493,937 shares, compared to its average volume of 748,247. The company has a 50 day moving average price of $94.40 and a 200 day moving average price of $97.81. Cal-Maine Foods, Inc. has a one year low of $57.43 and a one year high of $116.41. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 7.64 and a beta of 0.17.

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. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. During the same period in the previous year, the firm earned $3.00 EPS. The business's revenue for the quarter was up 101.6% on a year-over-year basis. Research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal 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.