Ballentine Partners LLC Acquires New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Ballentine Partners LLC bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,069 shares of the basic materials company’s stock, valued at approximately $213,000.

Several other large investors have also recently bought and sold shares of CALM. Eldred Rock Partners LLC raised its holdings in Cal-Maine Foods by 0.4% in the 4th quarter. Eldred Rock Partners LLC now owns 145,630 shares of the basic materials company’s stock valued at $14,935,000 after buying an additional 635 shares during the last quarter. J2 Capital Management Inc acquired a new position in Cal-Maine Foods in the 4th quarter valued at approximately $584,000. Ritholtz Wealth Management raised its stake in shares of Cal-Maine Foods by 23.1% during the fourth quarter. Ritholtz Wealth Management now owns 3,564 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 668 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Cal-Maine Foods by 2.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 16,243 shares of the basic materials company’s stock worth $1,672,000 after purchasing an additional 324 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Cal-Maine Foods in the fourth quarter worth $765,000. 84.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Letitia Callender Hughes sold 809 shares of the 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 transaction, the director now owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Down 3.4 %

CALM stock opened at $106.70 on Friday. The company’s fifty day simple moving average is $103.38 and its 200 day simple moving average is $86.11. Cal-Maine Foods, Inc. has a 12-month low of $54.53 and a 12-month high of $116.41. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 8.30 and a beta of -0.11.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm’s revenue was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Research analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on CALM. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens initiated coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price on the stock.

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.