Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 40.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,550 shares of the basic materials company’s stock after acquiring an additional 2,190 shares during the quarter. Everence Capital Management Inc.’s holdings in Cal-Maine Foods were worth $433,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Park Place Capital Corp acquired a new position in shares of Cal-Maine Foods during the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC acquired a new position in Cal-Maine Foods in the 3rd quarter worth approximately $29,000. Byrne Asset Management LLC acquired a new position in Cal-Maine Foods in the 3rd quarter worth approximately $29,000. Signaturefd LLC increased its holdings in Cal-Maine Foods by 44.2% in the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after buying an additional 233 shares during the period. Finally, US Bancorp DE increased its holdings in Cal-Maine Foods by 39.1% in the 1st quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock worth $61,000 after buying an additional 308 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM opened at $60.36 on Thursday. The business’s 50 day moving average price is $58.91 and its 200-day moving average price is $53.93. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.70 and a beta of -0.06. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The company had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. During the same quarter last year, the firm posted $6.62 EPS. The firm’s revenue for the quarter was down 29.5% on a year-over-year basis. On average, sell-side analysts expect that Cal-Maine Foods, Inc. will post 4.63 earnings per share for the current year.

Insiders Place Their Bets

In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 4,458 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total value of $252,144.48. Following the completion of the sale, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at approximately $1,008,464.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.73, for a total value of $57,864.60. Following the completion of the transaction, the director now directly owns 43,570 shares of the company’s stock, valued at approximately $2,471,726.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles Jeff Hardin sold 4,458 shares of Cal-Maine Foods stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.56, for a total value of $252,144.48. Following the completion of the transaction, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at $1,008,464.80. The disclosure for this sale can be found here. Insiders sold 9,228 shares of company stock valued at $520,122 in the last three months. 13.51% of the stock is currently owned by insiders.

About Cal-Maine Foods

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.