Fox Run Management L.L.C. Acquires Shares of 3,135 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Fox Run Management L.L.C. acquired a new stake 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 acquired 3,135 shares of the basic materials company's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Savant Capital LLC raised its position in shares of Cal-Maine Foods by 2.5% during the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock worth $391,000 after acquiring an additional 92 shares during the last quarter. Martingale Asset Management L P raised its holdings in Cal-Maine Foods by 0.4% during the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company's stock worth $2,943,000 after purchasing an additional 145 shares during the last quarter. US Bancorp DE lifted its position in Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after purchasing an additional 156 shares during the period. Stifel Financial Corp lifted its position in Cal-Maine Foods by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock valued at $1,126,000 after purchasing an additional 188 shares during the period. Finally, Quarry LP boosted its stake in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

CALM has been the subject of a number of recent analyst reports. StockNews.com downgraded Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Stephens reaffirmed an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction 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. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Stock Down 1.3 %

Shares of CALM stock traded down $1.20 during trading on Friday, reaching $91.01. The company's stock had a trading volume of 544,190 shares, compared to its average volume of 685,029. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41. The business has a fifty day moving average price of $97.15 and a 200-day moving average price of $94.60. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 7.08 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million for 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 company's revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current 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.