Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 83.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,003 shares of the basic materials company's stock after selling 353,567 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.14% of Cal-Maine Foods worth $5,089,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC boosted its position in shares of Cal-Maine Foods by 1.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,871 shares of the basic materials company's stock worth $2,086,000 after buying an additional 330 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Cal-Maine Foods in the 3rd quarter worth approximately $231,000. Assetmark Inc. grew its stake in shares of Cal-Maine Foods by 6.6% in the third quarter. Assetmark Inc. now owns 77,733 shares of the basic materials company's stock worth $5,818,000 after acquiring an additional 4,795 shares during the last quarter. Cozad Asset Management Inc. raised its position in shares of Cal-Maine Foods by 5.8% during the third quarter. Cozad Asset Management Inc. now owns 29,913 shares of the basic materials company's stock valued at $2,239,000 after buying an additional 1,652 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Cal-Maine Foods during the third quarter worth about $212,000. 84.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cal-Maine Foods

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the transaction, the vice president now owns 16,754 shares of the company's stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Trading Up 2.0 %

Shares of Cal-Maine Foods stock traded up $1.83 during mid-day trading on Tuesday, reaching $92.86. 245,754 shares of the stock were exchanged, compared to its average volume of 604,212. Cal-Maine Foods, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $95.06. The firm has a 50-day simple moving average of $81.68 and a 200 day simple moving average of $69.88. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 10.43 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm's revenue was up 71.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. On average, research analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on CALM shares. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 target price on the stock. The Goldman Sachs Group lifted their price objective on Cal-Maine Foods from $47.00 to $52.00 and gave the company a "sell" rating in a research note on Wednesday, July 17th. Finally, StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th.

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.