Segall Bryant & Hamill LLC Has $5.98 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Segall Bryant & Hamill LLC decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,098 shares of the basic materials company's stock after selling 25,931 shares during the period. Segall Bryant & Hamill LLC owned about 0.12% of Cal-Maine Foods worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CALM. Savant Capital LLC lifted its stake in Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after purchasing an additional 92 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company's stock valued at $2,943,000 after acquiring an additional 145 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after acquiring an additional 156 shares in the last quarter. Stifel Financial Corp grew its position in Cal-Maine Foods by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock worth $1,126,000 after acquiring an additional 188 shares during the last quarter. Finally, Quarry LP increased its holdings in Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after purchasing an additional 189 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages have recently commented on CALM. Stephens reissued an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded down $0.13 during midday trading on Monday, reaching $90.88. The company had a trading volume of 118,961 shares, compared to its average volume of 964,609. The firm has a market cap of $4.46 billion, a PE ratio of 7.07 and a beta of -0.12. The stock has a fifty day moving average price of $97.15 and a 200 day moving average price of $94.60. Cal-Maine Foods, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the previous year, the company earned $0.35 EPS. The company's revenue for the quarter was up 82.5% on a year-over-year basis. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.