Parvin Asset Management LLC Makes New $361,000 Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Parvin Asset Management LLC purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,510 shares of the basic materials company's stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of 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 valued at $105,000 after purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the fourth quarter valued at approximately $134,000. GAMMA Investing LLC grew its stake in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC increased its position in shares of 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 acquiring an additional 1,118 shares in the last quarter. Finally, KBC Group NV raised 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 valued at $173,000 after acquiring an additional 629 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Friday. Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd.

Insider Buying and Selling

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

Cal-Maine Foods Stock Up 0.5 %

Shares of CALM traded up $0.43 during mid-day trading on Friday, reaching $92.91. 748,678 shares of the stock traded hands, compared to its average volume of 729,859. The stock has a fifty day simple moving average of $91.10 and a 200 day simple moving average of $97.00. Cal-Maine Foods, Inc. has a 12-month low of $56.30 and a 12-month high of $116.41. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm's quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 EPS. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share 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.