Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Creative Planning

Creative Planning increased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 34.7% in the third quarter, HoldingsChannel.com reports. The firm owned 10,249 shares of the basic materials company’s stock after acquiring an additional 2,641 shares during the quarter. Creative Planning’s holdings in Cal-Maine Foods were worth $767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Cal-Maine Foods by 65.7% during the first quarter. BNP Paribas Financial Markets now owns 55,362 shares of the basic materials company’s stock worth $3,258,000 after purchasing an additional 21,956 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Cal-Maine Foods by 362.8% during the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 12,387 shares in the last quarter. Duality Advisers LP lifted its position in Cal-Maine Foods by 95.2% in the first quarter. Duality Advisers LP now owns 26,792 shares of the basic materials company’s stock valued at $1,577,000 after acquiring an additional 13,064 shares during the last quarter. Janus Henderson Group PLC lifted its position in Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock valued at $3,681,000 after acquiring an additional 38,693 shares during the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in Cal-Maine Foods in the first quarter valued at $479,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company. The Goldman Sachs Group boosted their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research report on Wednesday, July 17th. Finally, StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Activity

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at approximately $1,188,361.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Price Performance

Shares of CALM opened at $87.11 on Friday. The firm has a fifty day moving average price of $79.52 and a 200 day moving average price of $68.49. Cal-Maine Foods, Inc. has a 1-year low of $45.07 and a 1-year high of $95.06. The stock has a market cap of $4.27 billion, a PE ratio of 9.98 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $785.87 million during the quarter, compared to analysts’ expectations of $704.65 million. During the same period in the previous year, the company posted $0.02 earnings per share. Cal-Maine Foods’s quarterly revenue was up 71.1% on a year-over-year basis.

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.