Sierra Summit Advisors LLC Acquires Shares of 5,646 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sierra Summit Advisors LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,646 shares of the basic materials company’s stock, valued at approximately $581,000.

Other institutional investors have also modified their holdings of the company. Savant Capital LLC raised its position in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock worth $391,000 after acquiring an additional 92 shares in the last quarter. US Bancorp DE grew its stake in shares of Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after purchasing an additional 156 shares during the period. Stifel Financial Corp increased its holdings in shares of Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after purchasing an additional 188 shares in the last quarter. Quarry LP lifted its stake in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 189 shares during the period. Finally, GAMMA Investing LLC boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Down 0.7 %

Cal-Maine Foods stock opened at $92.29 on Monday. The firm has a market capitalization of $4.53 billion, a PE ratio of 7.18 and a beta of 0.11. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41. The firm’s 50-day simple moving average is $95.22 and its 200 day simple moving average is $95.37.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the business’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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.45% of the stock is owned by corporate insiders.

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.