4,445 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,445 shares of the basic materials company's stock, valued at approximately $457,000.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in 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 worth $25,457,000 after purchasing an additional 159,787 shares during the period. Two Sigma Advisers LP grew its stake in Cal-Maine Foods by 652.6% in the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company's stock worth $11,997,000 after purchasing an additional 139,000 shares during the period. Bank of New York Mellon Corp grew its stake in Cal-Maine Foods by 17.3% in 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 purchasing an additional 76,387 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in Cal-Maine Foods by 130.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company's stock worth $9,913,000 after purchasing an additional 75,090 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock worth $116,876,000 after purchasing an additional 64,489 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. 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.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded up $4.53 during trading on Friday, hitting $87.18. 1,149,584 shares of the company's stock traded hands, compared to its average volume of 980,302. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41. The stock has a market capitalization of $4.27 billion, a P/E ratio of 6.78 and a beta of -0.12. The business has a 50-day simple moving average of $102.35 and a 200-day simple moving average of $92.50.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted 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. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. 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 company earned $0.35 earnings per share. Cal-Maine Foods's revenue was up 82.5% on a year-over-year basis. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.45% of the stock is currently owned by company 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.