Quantessence Capital LLC Acquires New Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Quantessence Capital LLC purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,827 shares of the basic materials company's stock, valued at approximately $1,114,000.

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after purchasing an additional 1,118 shares in the last quarter. Vest Financial LLC raised its stake in Cal-Maine Foods by 17.2% during the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock valued at $2,424,000 after buying an additional 3,449 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Cal-Maine Foods by 1,061.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock worth $3,330,000 after buying an additional 30,089 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after acquiring an additional 797 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock worth $1,215,000 after acquiring an additional 6,247 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock traded up $2.13 on Friday, reaching $94.81. 775,260 shares of the company were exchanged, compared to its average volume of 723,724. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 7.38 and a beta of 0.11. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year high of $116.41. The company's 50-day moving average is $90.69 and its two-hundred day moving average is $96.87.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same period last year, the business posted $3.00 earnings per share. The firm's quarterly revenue was up 101.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Wall Street Analyst Weigh In

CALM has been the topic of several research analyst reports. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday. Stephens restated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research 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.