Intech Investment Management LLC Purchases 73,596 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Intech Investment Management LLC raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 131.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,561 shares of the basic materials company’s stock after purchasing an additional 73,596 shares during the quarter. Intech Investment Management LLC’s holdings in Cal-Maine Foods were worth $13,334,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Quarry LP lifted its holdings in Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after buying an additional 189 shares during the period. Smartleaf Asset Management LLC boosted 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 worth $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Cal-Maine Foods in the fourth quarter valued at approximately $134,000. GAMMA Investing LLC raised its holdings in Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 1,118 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

CALM has been the topic of a number of research analyst reports. Stephens reissued an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insider Activity

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

Cal-Maine Foods Trading Up 10.4 %

Shares of CALM stock opened at $91.70 on Tuesday. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month high of $116.41. The firm’s 50 day moving average is $100.18 and its 200 day moving average is $93.27. The stock has a market capitalization of $4.50 billion, a P/E ratio of 7.14 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 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 82.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current 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.