Sprott Inc. Sells 30,000 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sprott Inc. trimmed its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,000 shares of the basic materials company's stock after selling 30,000 shares during the quarter. Sprott Inc. owned about 0.23% of Cal-Maine Foods worth $11,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CALM. JPMorgan Chase & Co. lifted its stake in shares of Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock worth $25,457,000 after buying an additional 159,787 shares during the last quarter. Two Sigma Advisers LP raised its stake in Cal-Maine Foods by 652.6% during the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company's stock valued at $11,997,000 after purchasing an additional 139,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock valued at $53,272,000 after purchasing an additional 76,387 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company's stock valued at $9,913,000 after purchasing an additional 75,090 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after purchasing an additional 64,489 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

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Cal-Maine Foods Stock Up 1.8 %

Cal-Maine Foods stock traded up $1.61 on Friday, hitting $90.39. The company's stock had a trading volume of 1,191,526 shares, compared to its average volume of 961,967. The firm has a market cap of $4.43 billion, a P/E ratio of 7.03 and a beta of -0.12. The company has a fifty day moving average price of $103.88 and a 200-day moving average price of $91.81. Cal-Maine Foods, Inc. has a one year low of $54.88 and a one year high of $116.41.

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

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 on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 13.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stephens reiterated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

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.