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

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC lifted its stake in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after acquiring an additional 92 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Cal-Maine Foods by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock worth $592,000 after purchasing an additional 97 shares in the last quarter. Two Sigma Securities LLC increased its position in Cal-Maine Foods by 2.8% during the fourth quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock worth $401,000 after buying an additional 106 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Cal-Maine Foods by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after buying an additional 136 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Cal-Maine Foods by 2.4% in the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after buying an additional 156 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cal-Maine Foods Stock Performance

Shares of CALM traded down $2.47 during trading hours on Monday, reaching $97.17. 989,961 shares of the company traded hands, compared to its average volume of 751,717. The stock's fifty day moving average is $92.50 and its 200 day moving average is $97.37. Cal-Maine Foods, Inc. has a 1-year low of $57.43 and a 1-year high of $116.41. The stock has a market cap of $4.77 billion, a P/E ratio of 7.56 and a beta of 0.18.

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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. During the same quarter in the prior year, the company posted $3.00 EPS. The business's revenue was up 101.6% on a year-over-year basis. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction dated 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 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 can be accessed through this link. Company 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.