Janus Henderson Group PLC Buys 110,170 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Janus Henderson Group PLC grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 191.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,736 shares of the basic materials company's stock after buying an additional 110,170 shares during the quarter. Janus Henderson Group PLC owned 0.34% of Cal-Maine Foods worth $17,264,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after acquiring an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods during the 4th quarter worth approximately $134,000. Nisa Investment Advisors LLC grew its stake in Cal-Maine Foods by 350.5% in the fourth 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 period. KBC Group NV increased its stake in shares of Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after acquiring an additional 629 shares in the last quarter. Finally, Colonial River Investments LLC purchased a new position in Cal-Maine Foods during the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stephens reissued an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was 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 directly owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Trading Up 0.8%

NASDAQ CALM traded up $0.82 during trading hours on Wednesday, hitting $97.18. 88,858 shares of the company's stock traded hands, compared to its average volume of 750,417. The firm has a market capitalization of $4.77 billion, a P/E ratio of 7.56 and a beta of 0.18. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41. The business's fifty day moving average price is $93.02 and its two-hundred day moving average price is $97.43.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion during 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 was up 101.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.00 earnings per share. On average, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.