Diamond Hill Capital Management Inc. Sells 35,608 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Diamond Hill Capital Management Inc. cut its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 52.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,395 shares of the basic materials company's stock after selling 35,608 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.07% of Cal-Maine Foods worth $3,334,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CALM. Quarry LP raised its holdings in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after buying an additional 189 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after purchasing an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods during the fourth quarter valued at approximately $134,000. GAMMA Investing LLC raised its holdings in shares of Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after purchasing an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of 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 during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens reissued an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Trading Up 1.6 %

CALM stock traded up $1.42 during midday trading on Wednesday, reaching $89.39. 982,289 shares of the company's stock traded hands, compared to its average volume of 648,242. Cal-Maine Foods, Inc. has a 52-week low of $55.00 and a 52-week high of $116.41. The stock has a market cap of $4.38 billion, a P/E ratio of 6.96 and a beta of -0.12. The stock's 50-day moving average is $99.87 and its 200 day moving average is $93.38.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating 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 business 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 company earned $0.35 earnings per share. The firm's revenue was up 82.5% on a year-over-year basis. As a group, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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.