J2 Capital Management Inc Makes New $584,000 Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

J2 Capital Management Inc bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,679 shares of the basic materials company's stock, valued at approximately $584,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of Cal-Maine Foods by 17.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 129,833 shares of the basic materials company's stock worth $7,934,000 after purchasing an additional 18,934 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Cal-Maine Foods by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock worth $159,863,000 after purchasing an additional 114,995 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Cal-Maine Foods by 5.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,129 shares of the basic materials company's stock valued at $313,000 after buying an additional 287 shares during the last quarter. Seven Eight Capital LP increased its holdings in shares of Cal-Maine Foods by 26.3% in the second quarter. Seven Eight Capital LP now owns 8,758 shares of the basic materials company's stock worth $535,000 after purchasing an additional 1,822 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Cal-Maine Foods by 84.0% during the 2nd quarter. XTX Topco Ltd now owns 10,638 shares of the basic materials company's stock valued at $650,000 after acquiring an additional 4,856 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 1.5 %

NASDAQ CALM traded up $1.72 during trading on Friday, hitting $113.63. The stock had a trading volume of 583,759 shares, compared to its average volume of 629,581. Cal-Maine Foods, Inc. has a twelve month low of $53.38 and a twelve month high of $114.40. The company has a market capitalization of $5.57 billion, a PE ratio of 8.84 and a beta of -0.11. The firm has a 50 day moving average price of $101.36 and a 200 day moving average price of $84.55.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to analysts' expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm's quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Letitia Callender Hughes sold 809 shares of the 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 transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CALM shares. Stephens began coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 target price on the stock. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday.

About Cal-Maine Foods

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.