Dark Forest Capital Management LP Buys New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dark Forest Capital Management LP purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,204 shares of the basic materials company's stock, valued at approximately $844,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after acquiring an additional 118,162 shares during the period. American Century Companies Inc. raised its holdings in Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after purchasing an additional 104,512 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Cal-Maine Foods by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock valued at $66,294,000 after purchasing an additional 22,939 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Cal-Maine Foods by 17.3% during the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock valued at $53,272,000 after buying an additional 76,387 shares during the period. Hedge funds and other institutional investors own 84.67% of the company's stock.

Insiders Place Their Bets

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the sale, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock traded up $2.13 during trading on Friday, hitting $94.81. The company's stock had a trading volume of 775,260 shares, compared to its average volume of 724,011. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41. The company has a fifty day simple moving average of $90.69 and a two-hundred day simple moving average of $96.92. The company has a market capitalization of $4.65 billion, a PE ratio of 7.38 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business's revenue was up 101.6% on a year-over-year basis. During the same period last year, the business earned $3.00 earnings per share. As a group, analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CALM. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Thursday. Stephens restated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday.

About Cal-Maine Foods

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.