Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,998 shares of the basic materials company’s stock after selling 1,695 shares during the quarter. Royce & Associates LP’s holdings in Cal-Maine Foods were worth $926,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in Cal-Maine Foods by 3.0% during the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after purchasing an additional 46,187 shares during the last quarter. Pacer Advisors Inc. increased its position in Cal-Maine Foods by 4.3% during the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after buying an additional 64,489 shares in the last quarter. Geode Capital Management LLC increased its position in Cal-Maine Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after buying an additional 10,984 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Cal-Maine Foods by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock worth $66,294,000 after buying an additional 22,939 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Cal-Maine Foods by 17.3% during the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after buying an additional 76,387 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Up 0.5 %

Shares of NASDAQ:CALM opened at $89.20 on Friday. The company has a market cap of $4.37 billion, a P/E ratio of 6.94 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52 week low of $55.00 and a 52 week high of $116.41. The business has a fifty day simple moving average of $98.98 and a 200-day simple moving average of $93.44.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stephens reissued an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

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.