Gallacher Capital Management LLC Lowers Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Gallacher Capital Management LLC trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,714 shares of the basic materials company’s stock after selling 747 shares during the quarter. Gallacher Capital Management LLC’s holdings in Cal-Maine Foods were worth $897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after purchasing an additional 159,787 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after buying an additional 139,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Cal-Maine Foods by 17.3% in the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after buying an additional 76,387 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Cal-Maine Foods by 130.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after buying an additional 75,090 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Cal-Maine Foods by 52.5% in the fourth quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company’s stock worth $20,262,000 after acquiring an additional 67,807 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CALM shares. Stephens reiterated an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Cal-Maine Foods Stock Up 2.7 %

CALM stock opened at $83.03 on Friday. The business has a 50 day moving average price of $100.44 and a 200 day moving average price of $92.97. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 6.46 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data 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. The business had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company’s revenue was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.