Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 42.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,223 shares of the basic materials company's stock after selling 12,120 shares during the quarter. Main Street Financial Solutions LLC's holdings in Cal-Maine Foods were worth $1,214,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Cal-Maine Foods by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock valued at $159,863,000 after buying an additional 114,995 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Cal-Maine Foods by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock worth $129,286,000 after purchasing an additional 110,900 shares during the period. American Century Companies Inc. boosted its holdings in shares of Cal-Maine Foods by 8.9% during the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company's stock worth $61,948,000 after purchasing an additional 82,772 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cal-Maine Foods in the third quarter valued at $58,810,000. Finally, Janus Henderson Group PLC increased its stake in Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company's stock valued at $3,681,000 after purchasing an additional 38,693 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a "sell" rating in a report on Wednesday, July 17th. Finally, Stephens started coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target for the company.

Insider Activity at Cal-Maine Foods

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the sale, the vice president now owns 16,754 shares in the company, valued at $1,188,361.22. This trade represents a 8.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.45% of the stock is owned by insiders.

Cal-Maine Foods Trading Down 0.9 %

Shares of Cal-Maine Foods stock traded down $0.85 during trading hours on Thursday, reaching $90.44. The stock had a trading volume of 363,149 shares, compared to its average volume of 603,036. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 10.36 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1 year low of $45.07 and a 1 year high of $95.06. The firm has a 50 day simple moving average of $82.99 and a two-hundred day simple moving average of $70.42.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $785.87 million during the quarter, compared to analysts' expectations of $704.65 million. During the same quarter in the previous year, the business posted $0.02 EPS. The company's quarterly revenue was up 71.1% on a year-over-year basis. Sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

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.