Inceptionr LLC Invests $1.14 Million in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Inceptionr LLC purchased a new position 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 Securities and Exchange Commission. The fund purchased 11,060 shares of the basic materials company's stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CALM. Raymond James Financial Inc. purchased a new position in shares of Cal-Maine Foods during the 4th quarter valued at about $1,123,000. Aigen Investment Management LP raised its stake in shares of Cal-Maine Foods by 22.2% during the 4th quarter. Aigen Investment Management LP now owns 5,247 shares of the basic materials company's stock valued at $540,000 after buying an additional 952 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Cal-Maine Foods by 52.5% during the 4th quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company's stock valued at $20,262,000 after buying an additional 67,807 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 buying an additional 22,939 shares during the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in shares of Cal-Maine Foods during the 4th quarter valued at about $3,015,000. Institutional investors and hedge funds own 84.67% of the company's stock.

Wall Street Analyst Weigh In

CALM has been the subject of a number of recent research reports. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Stephens restated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday.

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Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business'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 transaction of $88,965.73. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock traded up $4.53 on Friday, hitting $87.18. The company's stock had a trading volume of 1,149,584 shares, compared to its average volume of 980,302. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41. The firm has a fifty day moving average price of $102.35 and a 200-day moving average price of $92.50. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 6.78 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 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. During the same period in the previous year, the business earned $0.35 EPS. Cal-Maine Foods's quarterly revenue was up 82.5% on a year-over-year basis. As a group, analysts forecast 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.