Keynote Financial Services LLC Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Keynote Financial Services LLC acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,212 shares of the basic materials company’s stock, valued at approximately $228,000.

Several other large investors have also added to or reduced their stakes in the business. Savant Capital LLC increased its holdings in Cal-Maine Foods by 2.5% during the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock worth $391,000 after buying an additional 92 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock valued at $2,943,000 after acquiring an additional 145 shares during the period. US Bancorp DE increased its stake in shares of Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after purchasing an additional 156 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after purchasing an additional 188 shares during the period. Finally, Quarry LP lifted its stake in 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 purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CALM shares. Stephens restated an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Up 1.8 %

Cal-Maine Foods stock opened at $90.39 on Friday. The company’s 50-day moving average price is $103.88 and its two-hundred day moving average price is $91.96. The stock has a market cap of $4.43 billion, a P/E ratio of 7.03 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $54.88 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results 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 business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same period last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by company insiders.

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.