Louisiana State Employees Retirement System Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Louisiana State Employees Retirement System bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,300 shares of the basic materials company's stock, valued at approximately $1,165,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp bought a new stake in shares of Cal-Maine Foods in the fourth quarter worth $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Cal-Maine Foods in the third quarter worth $29,000. Byrne Asset Management LLC bought a new stake in shares of Cal-Maine Foods in the third quarter worth $29,000. Signaturefd LLC grew its stake in shares of Cal-Maine Foods by 44.2% in the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company's stock worth $37,000 after purchasing an additional 233 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Cal-Maine Foods by 460.3% in the fourth quarter. Blue Trust Inc. now owns 1,087 shares of the basic materials company's stock worth $62,000 after purchasing an additional 893 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 1,020 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.73, for a total value of $57,864.60. Following the transaction, the director now owns 43,570 shares in the company, valued at $2,471,726.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Letitia Callender Hughes sold 1,020 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.73, for a total transaction of $57,864.60. Following the transaction, the director now owns 43,570 shares in the company, valued at $2,471,726.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles Jeff Hardin sold 4,458 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.56, for a total transaction of $252,144.48. Following the transaction, the executive vice president now owns 17,830 shares in the company, valued at approximately $1,008,464.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,228 shares of company stock worth $520,122 over the last quarter. Company insiders own 13.51% of the company's stock.

Analysts Set New Price Targets

Separately, Stephens reissued an "equal weight" rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd.

Cal-Maine Foods Trading Down 0.0 %

CALM stock traded down $0.02 during midday trading on Tuesday, hitting $59.68. The stock had a trading volume of 719,303 shares, compared to its average volume of 667,036. The firm has a market cap of $2.93 billion, a P/E ratio of 10.58 and a beta of -0.06. Cal-Maine Foods, Inc. has a 1-year low of $42.25 and a 1-year high of $64.76. The business has a fifty day moving average price of $59.24 and a two-hundred day moving average price of $54.38.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.55. The business had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. Cal-Maine Foods's revenue for the quarter was down 29.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.62 earnings per share. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

Cal-Maine Foods Company 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.