Nebula Research & Development LLC Acquires New Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Nebula Research & Development LLC purchased 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 filing with the Securities & Exchange Commission. The institutional investor purchased 3,041 shares of the basic materials company's stock, valued at approximately $313,000.

Several other institutional investors also recently bought and sold shares of CALM. Savant Capital LLC lifted its position in shares of Cal-Maine Foods by 2.5% during the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after buying an additional 92 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Cal-Maine Foods by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after purchasing an additional 97 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Cal-Maine Foods by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 136 shares during the period. US Bancorp DE increased its stake in shares of Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after purchasing an additional 156 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Cal-Maine Foods by 2.5% during the 4th quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company's stock worth $1,064,000 after purchasing an additional 255 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Stephens reiterated an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Friday.

Cal-Maine Foods Price Performance

CALM traded up $0.43 on Friday, reaching $92.91. 748,678 shares of the company's stock were exchanged, compared to its average volume of 730,593. Cal-Maine Foods, Inc. has a twelve month low of $56.40 and a twelve month high of $116.41. The stock has a market cap of $4.56 billion, a PE ratio of 7.23 and a beta of 0.11. The stock's fifty day moving average price is $91.10 and its 200-day moving average price is $97.02.

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 (EPS) for the quarter, beating 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same period in the prior year, the business earned $3.00 earnings per share. The business's revenue was up 101.6% compared to the same quarter last year. As a group, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $12,708,099.60. Following the completion of the sale, the insider now 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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 13.45% of the company's stock.

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.