Inspire Investing LLC Raises Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Inspire Investing LLC raised its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 112.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,805 shares of the basic materials company’s stock after purchasing an additional 6,247 shares during the period. Inspire Investing LLC’s holdings in Cal-Maine Foods were worth $1,215,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods during the 3rd quarter worth about $29,000. Hexagon Capital Partners LLC increased its stake in Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after buying an additional 155 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Cal-Maine Foods during the third quarter valued at approximately $33,000. Quarry LP lifted its position in shares of Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Cal-Maine Foods by 62.9% in the third quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 425 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

CALM stock opened at $110.48 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $54.50 and a 1 year high of $116.41. The firm has a market capitalization of $5.42 billion, a PE ratio of 8.60 and a beta of -0.11. The business has a 50 day simple moving average of $103.05 and a 200-day simple moving average of $85.64.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on CALM shares. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Stephens initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Insider Activity at Cal-Maine Foods

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 transaction of $88,965.73. Following the sale, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is currently owned by 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.