Planned Solutions Inc. Purchases Shares of 1,910 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Planned Solutions Inc. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,910 shares of the basic materials company’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CALM. Pacer Advisors Inc. grew its holdings in shares of Cal-Maine Foods by 66.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock valued at $136,319,000 after purchasing an additional 947,115 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Cal-Maine Foods during the third quarter worth $33,105,000. Man Group plc raised its stake in shares of Cal-Maine Foods by 3,503.9% in the fourth quarter. Man Group plc now owns 508,724 shares of the basic materials company’s stock valued at $27,700,000 after acquiring an additional 494,608 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Cal-Maine Foods by 9.8% in the third quarter. Vanguard Group Inc. now owns 4,992,618 shares of the basic materials company’s stock valued at $277,540,000 after purchasing an additional 446,909 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Cal-Maine Foods by 484.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 429,809 shares of the basic materials company’s stock worth $4,202,000 after purchasing an additional 356,245 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Down 1.4 %

Shares of Cal-Maine Foods stock opened at $58.62 on Thursday. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $62.58. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 6.33 and a beta of -0.06. The company has a fifty day simple moving average of $57.30 and a 200-day simple moving average of $52.56.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.48). Cal-Maine Foods had a net margin of 16.94% and a return on equity of 28.34%. The business had revenue of $523.23 million during the quarter, compared to analysts’ expectations of $525.39 million. During the same quarter last year, the company earned $4.07 EPS. The firm’s revenue for the quarter was down 34.7% compared to the same quarter last year. On average, analysts forecast that Cal-Maine Foods, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In other news, Director James E. Poole sold 3,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the transaction, the director now owns 11,670 shares in the company, valued at approximately $652,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total value of $57,864.60. Following the transaction, the director now owns 43,570 shares in the company, valued at $2,471,726.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Poole sold 3,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the sale, the director now owns 11,670 shares of the company’s stock, valued at $652,469.70. The disclosure for this sale can be found here. In the last three months, insiders sold 9,228 shares of company stock valued at $520,122. Corporate insiders own 13.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens upped their target price on shares of Cal-Maine Foods from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd.

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.