Avantax Planning Partners Inc. Takes $254,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Avantax Planning Partners Inc. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,470 shares of the basic materials company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CALM. Quarry LP increased its stake in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after buying an additional 797 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of Cal-Maine Foods in the 4th quarter valued at $134,000. GAMMA Investing LLC increased its stake in shares of Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after buying an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after buying an additional 1,118 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CALM has been the subject of several research reports. Stephens reissued an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Down 1.3 %

NASDAQ:CALM opened at $86.46 on Thursday. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month high of $116.41. The firm has a market capitalization of $4.24 billion, a P/E ratio of 6.73 and a beta of -0.12. The stock’s fifty day simple moving average is $101.43 and its 200-day simple moving average is $92.83.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. The business had revenue of $954.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. As a group, equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share 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.