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

Parvin Asset Management LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,510 shares of the basic materials company's stock, valued at approximately $361,000.

A number of other large investors also recently made changes to their positions in CALM. Barclays PLC grew its position in Cal-Maine Foods by 48.3% during the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock worth $7,749,000 after buying an additional 33,731 shares in the last quarter. World Investment Advisors LLC bought a new position in Cal-Maine Foods in the third quarter valued at about $1,585,000. Tidal Investments LLC raised its holdings in Cal-Maine Foods by 418.6% in the 3rd quarter. Tidal Investments LLC now owns 47,653 shares of the basic materials company's stock valued at $3,566,000 after buying an additional 38,465 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Cal-Maine Foods by 91.7% in the third quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company's stock worth $4,713,000 after purchasing an additional 30,122 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock valued at $25,457,000 after buying an additional 159,787 shares during the period. Institutional investors own 84.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CALM. Stephens reaffirmed an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Friday.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the business'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 value of $12,708,099.60. Following the completion of the transaction, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. The trade was a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is owned by insiders.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM traded down $0.19 during mid-day trading on Monday, hitting $92.72. The stock had a trading volume of 257,675 shares, compared to its average volume of 1,057,759. Cal-Maine Foods, Inc. has a 1 year low of $56.40 and a 1 year high of $116.41. The firm has a market cap of $4.55 billion, a P/E ratio of 7.22 and a beta of 0.18. The business has a 50 day moving average price of $91.10 and a two-hundred day moving average price of $97.04.

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, 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 firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same quarter in the previous year, the business posted $3.00 EPS. The company's quarterly revenue was up 101.6% on a year-over-year basis. Equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS 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.