Inspire Investing LLC Boosts Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Inspire Investing LLC boosted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 112.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,805 shares of the basic materials company's stock after buying an additional 6,247 shares during the period. Inspire Investing LLC's holdings in Cal-Maine Foods were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CALM. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter worth $29,000. Hexagon Capital Partners LLC lifted its position in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock valued at $32,000 after buying an additional 155 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at about $33,000. Quarry LP grew its position in shares of Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company's stock worth $36,000 after buying an additional 553 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock worth $82,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 84.67% of the company's stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock traded down $3.78 during mid-day trading on Friday, reaching $106.70. 919,611 shares of the company traded hands, compared to its average volume of 797,334. The firm's fifty day moving average is $103.05 and its two-hundred day moving average is $85.64. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 8.30 and a beta of -0.11. Cal-Maine Foods, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued 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 return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Cal-Maine Foods's revenue for the quarter was up 82.5% on a year-over-year basis. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CALM. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 target price on the stock.

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.