Teacher Retirement System of Texas Has $3.12 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Teacher Retirement System of Texas lifted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,296 shares of the basic materials company’s stock after purchasing an additional 1,456 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Cal-Maine Foods worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC lifted its stake 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 valued at $391,000 after buying an additional 92 shares in the last quarter. Martingale Asset Management L P lifted 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 in the last quarter. US Bancorp DE boosted its stake in Cal-Maine Foods by 2.4% in 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 period. Stifel Financial Corp grew its holdings in shares of Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after buying an additional 188 shares in the last quarter. Finally, Quarry LP grew its stake in Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $94.03 on Wednesday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 7.32 and a beta of -0.12. The business has a 50 day simple moving average of $98.39 and a 200 day simple moving average of $94.12. Cal-Maine Foods, Inc. has a 52 week low of $55.00 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its 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 net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 82.5% compared to the same quarter last year. On average, analysts predict 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.