Jefferies Financial Group Inc. Raises Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Jefferies Financial Group Inc. grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 255.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,884 shares of the basic materials company's stock after purchasing an additional 14,284 shares during the period. Jefferies Financial Group Inc.'s holdings in Cal-Maine Foods were worth $2,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods during the 4th quarter valued at about $134,000. Nisa Investment Advisors LLC boosted its holdings in shares of Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 1,118 shares during the last quarter. KBC Group NV grew its stake in shares of Cal-Maine Foods by 59.8% in the fourth 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 during the period. Finally, Colonial River Investments LLC purchased a new position in shares of Cal-Maine Foods during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 1.3%

CALM traded down $1.30 during trading on Monday, hitting $98.34. The company's stock had a trading volume of 165,107 shares, compared to its average volume of 748,613. Cal-Maine Foods, Inc. has a one year low of $57.43 and a one year high of $116.41. The firm has a market cap of $4.82 billion, a PE ratio of 7.67 and a beta of 0.18. The business's 50 day simple moving average is $92.50 and its 200-day simple moving average is $97.37.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced 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 return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same period last year, the firm earned $3.00 EPS. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. Equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm'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 approximately $119,504,480.40. This trade represents a 9.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.