Counterpoint Mutual Funds LLC Invests $1.07 Million in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Counterpoint Mutual Funds LLC purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,408 shares of the basic materials company's stock, valued at approximately $1,071,000.

A number of other hedge funds have also bought and sold shares of CALM. Crossmark Global Holdings Inc. bought a new position in shares of Cal-Maine Foods during the third quarter worth approximately $231,000. Victory Capital Management Inc. grew its position in Cal-Maine Foods by 29.5% during the third quarter. Victory Capital Management Inc. now owns 129,067 shares of the basic materials company's stock worth $9,659,000 after buying an additional 29,435 shares in the last quarter. Empowered Funds LLC increased its stake in Cal-Maine Foods by 0.9% during the 3rd quarter. Empowered Funds LLC now owns 76,232 shares of the basic materials company's stock worth $5,705,000 after acquiring an additional 654 shares during the period. Natixis Advisors LLC acquired a new position in Cal-Maine Foods in the 3rd quarter valued at $766,000. Finally, Chesapeake Capital Corp IL lifted its position in shares of Cal-Maine Foods by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 7,733 shares of the basic materials company's stock valued at $577,000 after acquiring an additional 1,687 shares during the period. 84.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented 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 restated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

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Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The stock was 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 directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.45% of the company's stock.

Cal-Maine Foods Price Performance

Shares of CALM stock traded up $0.48 on Friday, hitting $89.20. 1,669,091 shares of the company's stock were exchanged, compared to its average volume of 653,441. The company has a 50 day moving average of $99.24 and a 200 day moving average of $93.32. The stock 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 12 month low of $55.00 and a 12 month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. The firm had revenue of $954.70 million during 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%. The business's revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. Sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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.