Independent Advisor Alliance Makes New $1.17 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Independent Advisor Alliance purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,330 shares of the basic materials company’s stock, valued at approximately $1,166,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALM. 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 worth $58,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. purchased a new position in Cal-Maine Foods during the fourth quarter valued at approximately $134,000. GAMMA Investing LLC increased its stake in 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 valued at $141,000 after buying an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CALM shares. Stephens restated an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM opened at $83.03 on Friday. Cal-Maine Foods, Inc. has a 52-week low of $55.00 and a 52-week high of $116.41. The company has a market cap of $4.07 billion, a P/E ratio of 6.46 and a beta of -0.12. The stock’s 50-day moving average is $100.44 and its 200-day moving average is $92.82.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS 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 company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same period in the previous year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.