Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,553 shares of the basic materials company's stock after purchasing an additional 3,449 shares during the period. Vest Financial LLC's holdings in Cal-Maine Foods were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the third quarter worth about $29,000. Hexagon Capital Partners LLC increased its stake in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the third quarter worth about $33,000. Quarry LP grew its stake in Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock valued at $82,000 after acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Insiders Place Their Bets

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Price Performance

Shares of CALM stock traded down $7.83 during trading hours on Wednesday, hitting $106.15. The company had a trading volume of 1,267,281 shares, compared to its average volume of 833,723. The company's fifty day moving average is $106.77 and its 200 day moving average is $90.12. Cal-Maine Foods, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $116.41. The stock has a market capitalization of $5.20 billion, a PE ratio of 8.26 and a beta of -0.12.

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 analysts' consensus estimates of $4.05 by $0.42. The company 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 firm's quarterly revenue was up 82.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. Equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised 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.