Vista Investment Partners LLC Invests $425,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Vista Investment Partners LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,670 shares of the basic materials company's stock, valued at approximately $425,000.

A number of other large investors have also recently bought and sold shares of the business. Man Group plc grew its position in shares of Cal-Maine Foods by 258.7% during the fourth quarter. Man Group plc now owns 582,711 shares of the basic materials company's stock worth $59,973,000 after acquiring an additional 420,247 shares during the last quarter. Millennium Management LLC grew its position in Cal-Maine Foods by 515.1% in the 4th quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company's stock worth $49,142,000 after purchasing an additional 399,848 shares during the last quarter. Northern Trust Corp increased its stake in shares of Cal-Maine Foods by 60.2% in the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock valued at $69,403,000 after purchasing an additional 253,310 shares during the period. GAMMA Investing LLC increased its stake in shares of Cal-Maine Foods by 11,328.9% in the first quarter. GAMMA Investing LLC now owns 156,348 shares of the basic materials company's stock valued at $14,212,000 after purchasing an additional 154,980 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Cal-Maine Foods by 12.7% during the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after buying an additional 143,189 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Finally, 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.

Insider Buying and Selling

In related news, insider Adolphus B. Baker sold 140,266 shares of the 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 of the company's stock, valued at $119,504,480.40. This 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 at the SEC website. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded up $2.46 on Wednesday, hitting $103.07. The company had a trading volume of 783,643 shares, compared to its average volume of 758,250. Cal-Maine Foods, Inc. has a 52 week low of $57.56 and a 52 week high of $116.41. The company has a market cap of $5.06 billion, a PE ratio of 5.09 and a beta of 0.17. The business has a 50-day simple moving average of $95.27 and a 200-day simple moving average of $97.88.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a return on equity of 48.72% and a net margin of 26.08%. The firm's revenue for the quarter was up 101.6% on a year-over-year basis. During the same period last year, the firm earned $3.00 EPS. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

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.