denkapparat Operations GmbH Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

denkapparat Operations GmbH bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,726 shares of the basic materials company's stock, valued at approximately $589,000. Cal-Maine Foods comprises 0.9% of denkapparat Operations GmbH's portfolio, making the stock its 29th biggest position.

A number of other large investors also recently bought and sold shares of CALM. Quarry LP increased its stake in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after buying an additional 189 shares during the period. Smartleaf Asset Management LLC boosted its position in Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter valued at $134,000. GAMMA Investing LLC lifted its stake in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after purchasing an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

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Insiders Place Their Bets

In related news, Director Letitia Callender Hughes sold 809 shares of the company'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 value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 13.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Stephens restated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods Trading Up 0.5 %

CALM traded up $0.43 on Tuesday, reaching $91.33. The stock had a trading volume of 205,639 shares, compared to its average volume of 683,512. The business's 50-day moving average price is $96.69 and its two-hundred day moving average price is $94.75. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month high of $116.41. The company has a market cap of $4.48 billion, a P/E ratio of 7.11 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $751.50 million. During the same period in the prior year, the business posted $0.35 earnings per share. The firm's revenue for the quarter was up 82.5% on a year-over-year basis. As a group, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share 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.