Voloridge Investment Management LLC Takes $3.18 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Voloridge Investment Management LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,894 shares of the basic materials company's stock, valued at approximately $3,180,000. Voloridge Investment Management LLC owned approximately 0.06% of Cal-Maine Foods as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its holdings in Cal-Maine Foods by 48.3% during the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock worth $7,749,000 after acquiring an additional 33,731 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after purchasing an additional 1,118 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Cal-Maine Foods by 37.6% during the fourth quarter. Blue Trust Inc. now owns 7,465 shares of the basic materials company's stock valued at $768,000 after purchasing an additional 2,038 shares in the last quarter. KBC Group NV lifted its position in shares of Cal-Maine Foods by 59.8% during the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 629 shares in the last quarter. Finally, Buck Wealth Strategies LLC lifted its position in shares of Cal-Maine Foods by 5.4% during the fourth quarter. Buck Wealth Strategies LLC now owns 57,324 shares of the basic materials company's stock valued at $5,900,000 after purchasing an additional 2,914 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Wall Street Analyst Weigh In

CALM has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research report on Sunday. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Finally, Stephens reissued 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.

Cal-Maine Foods Stock Performance

CALM stock traded up $1.88 during mid-day trading on Friday, hitting $95.95. The company had a trading volume of 860,813 shares, compared to its average volume of 747,931. The firm has a market cap of $4.71 billion, a PE ratio of 7.47 and a beta of 0.18. Cal-Maine Foods, Inc. has a 12 month low of $57.43 and a 12 month high of $116.41. The stock's fifty day moving average price is $93.90 and its two-hundred day moving average price is $97.75.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company's revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 earnings per share. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.45% of the company's stock.

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.