Wealthfront Advisers LLC Takes $1.21 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wealthfront Advisers LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,778 shares of the basic materials company's stock, valued at approximately $1,212,000.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Cal-Maine Foods by 350.5% in the fourth 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 during the last quarter. Vest Financial LLC raised its position in shares of 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 worth $2,424,000 after acquiring an additional 3,449 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Cal-Maine Foods during the third quarter worth about $788,000. Asset Management One Co. Ltd. raised its position in shares of Cal-Maine Foods by 1,061.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock worth $3,330,000 after acquiring an additional 30,089 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Cal-Maine Foods by 339.1% during the fourth 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 during the last quarter. 84.67% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Stephens reiterated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Insider Activity at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction dated 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 transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. 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.

Cal-Maine Foods Price Performance

Shares of CALM stock traded up $1.42 on Wednesday, reaching $89.39. 856,552 shares of the company were exchanged, compared to its average volume of 647,742. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 6.96 and a beta of -0.12. The company has a 50-day moving average of $99.87 and a 200-day moving average of $93.38.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million during the quarter, compared to analysts' expectations of $751.50 million. During the same quarter last year, the firm posted $0.35 earnings per share. The company's revenue for the quarter was up 82.5% compared to the same quarter last year. As a group, sell-side analysts predict 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.