Independent Advisor Alliance Purchases Shares of 11,330 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Independent Advisor Alliance purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,330 shares of the basic materials company's stock, valued at approximately $1,166,000.

Several other institutional investors have also made changes to their positions in CALM. Savant Capital LLC lifted its stake in 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 purchasing an additional 92 shares during the last quarter. Martingale Asset Management L P lifted its stake in Cal-Maine Foods by 0.4% during the third 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 stake in Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after purchasing an additional 156 shares during the last quarter. Stifel Financial Corp lifted its stake in Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock worth $1,126,000 after purchasing an additional 188 shares during the last quarter. Finally, Quarry LP increased its holdings 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 worth $58,000 after buying an additional 189 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

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Cal-Maine Foods Stock Up 1.6 %

Shares of NASDAQ:CALM traded up $1.42 during trading on Wednesday, hitting $89.39. 856,552 shares of the company were exchanged, compared to its average volume of 647,742. The company has a market capitalization of $4.38 billion, a P/E ratio of 6.96 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41. The business'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 posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's quarterly revenue was up 82.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analysts Set New Price Targets

CALM has been the subject of several research analyst reports. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens reiterated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Insider Activity 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 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 sale, the director now owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.45% of the stock is currently owned by company insiders.

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.