CPA Asset Management LLC Buys Shares of 2,000 Cal-Maine Foods, Inc. (NASDAQ:CALM)

CPA Asset Management LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the basic materials company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALM. Creative Planning grew its holdings in Cal-Maine Foods by 34.7% in the 3rd quarter. Creative Planning now owns 10,249 shares of the basic materials company’s stock valued at $767,000 after buying an additional 2,641 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at approximately $202,000. New York State Teachers Retirement System grew its holdings in Cal-Maine Foods by 5.9% in the 3rd quarter. New York State Teachers Retirement System now owns 51,220 shares of the basic materials company’s stock valued at $3,833,000 after buying an additional 2,860 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at approximately $29,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Trading Down 1.4 %

Shares of NASDAQ:CALM opened at $88.07 on Wednesday. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41. The firm has a market capitalization of $4.32 billion, a PE ratio of 6.85 and a beta of -0.12. The business’s 50 day moving average is $104.75 and its 200-day moving average is $91.71.

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 for the quarter, topping the consensus estimate 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 company had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same quarter last year, the firm earned $0.35 EPS. Cal-Maine Foods’s revenue for the quarter was up 82.5% compared to the same quarter last year. On average, sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is owned by insiders.

Cal-Maine Foods 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.