Russell Investments Group Ltd. Purchases 7,426 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Russell Investments Group Ltd. boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 29.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,295 shares of the basic materials company's stock after buying an additional 7,426 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Cal-Maine Foods worth $3,317,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after acquiring an additional 797 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Cal-Maine Foods in the fourth quarter worth $134,000. GAMMA Investing LLC boosted its holdings in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC raised its holdings in 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 worth $148,000 after acquiring an additional 1,118 shares during the period. Finally, KBC Group NV lifted its position in Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after acquiring an additional 629 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Up 3.2 %

CALM stock traded up $2.93 during trading on Tuesday, reaching $93.10. 1,240,101 shares of the stock were exchanged, compared to its average volume of 719,221. The stock has a 50 day simple moving average of $90.70 and a 200-day simple moving average of $96.80. The company has a market capitalization of $4.57 billion, a P/E ratio of 7.25 and a beta of 0.11. Cal-Maine Foods, Inc. has a twelve month low of $55.15 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same period in the previous year, the business posted $3.00 earnings per share. Cal-Maine Foods's quarterly revenue was up 101.6% on a year-over-year basis. Equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Activity at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction on Thursday, April 17th. The stock was 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 of the company's stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CALM shares. Stephens reissued an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Thursday, April 10th.

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.