Quantessence Capital LLC Purchases New Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Quantessence Capital LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,827 shares of the basic materials company's stock, valued at approximately $1,114,000.

A number of other institutional investors also recently made changes to their positions in CALM. Savant Capital LLC boosted its stake in shares of Cal-Maine Foods by 2.5% during the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after acquiring an additional 92 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Cal-Maine Foods by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock worth $592,000 after purchasing an additional 97 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Cal-Maine Foods by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock worth $442,000 after buying an additional 136 shares in the last quarter. US Bancorp DE raised its position in shares of Cal-Maine Foods by 2.4% in the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after buying an additional 156 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock worth $1,126,000 after acquiring an additional 188 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Stock Up 2.3 %

Shares of CALM traded up $2.13 during mid-day trading on Friday, hitting $94.81. The company had a trading volume of 775,260 shares, compared to its average volume of 724,011. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year high of $116.41. The business's 50-day simple moving average is $90.69 and its 200-day simple moving average is $96.92. The stock has a market cap of $4.65 billion, a PE ratio of 7.38 and a beta of 0.11.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on CALM shares. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday.

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.