Picton Mahoney Asset Management Increases Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Picton Mahoney Asset Management boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 47.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,560 shares of the basic materials company’s stock after buying an additional 1,152 shares during the quarter. Picton Mahoney Asset Management’s holdings in Cal-Maine Foods were worth $367,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CALM. Quarry LP raised its holdings in shares of Cal-Maine Foods by 32.5% in the third 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. Smartleaf Asset Management LLC increased its stake in 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 last quarter. Daiwa Securities Group Inc. bought a new position in shares of Cal-Maine Foods during the 4th quarter worth approximately $134,000. GAMMA Investing LLC boosted 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 worth $141,000 after buying an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted 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 worth $148,000 after buying an additional 1,118 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CALM. Stephens reissued an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Insider Buying and Selling at Cal-Maine Foods

In related 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Up 2.7 %

NASDAQ:CALM opened at $83.03 on Monday. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41. The firm’s 50 day moving average is $100.44 and its 200 day moving average is $93.13. The stock has a market capitalization of $4.07 billion, a PE ratio of 6.46 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.42. The firm 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 business’s revenue was up 82.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

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.