20,300 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,300 shares of the basic materials company’s stock, valued at approximately $1,165,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new stake in Cal-Maine Foods in the fourth quarter worth $26,000. Exchange Traded Concepts LLC purchased a new stake in Cal-Maine Foods in the third quarter worth $29,000. Byrne Asset Management LLC purchased a new stake in Cal-Maine Foods in the third quarter worth $29,000. Signaturefd LLC grew its stake in Cal-Maine Foods by 44.2% in the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 233 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Cal-Maine Foods by 460.3% in the fourth quarter. Blue Trust Inc. now owns 1,087 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 893 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Charles Jeff Hardin sold 750 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now directly owns 3,999 shares of the company’s stock, valued at $225,983.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Charles Jeff Hardin sold 750 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now directly owns 3,999 shares of the company’s stock, valued at $225,983.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Poole sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the transaction, the director now directly owns 11,670 shares in the company, valued at $652,469.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,228 shares of company stock valued at $520,122. 13.51% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Trading Down 0.6 %

Cal-Maine Foods stock opened at $59.70 on Tuesday. The business’s fifty day simple moving average is $59.15 and its two-hundred day simple moving average is $54.28. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $64.76. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.59 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The business had revenue of $703.08 million for the quarter, compared to the consensus estimate of $692.35 million. During the same period in the previous year, the company posted $6.62 earnings per share. The company’s revenue for the quarter was down 29.5% compared to the same quarter last year. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

Analyst Ratings Changes

Separately, Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

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.