4,403 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,403 shares of the basic materials company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALM. Norges Bank bought a new position in shares of Cal-Maine Foods in the 4th quarter valued at approximately $6,132,000. Prudential Financial Inc. grew its holdings in Cal-Maine Foods by 77.0% during the fourth quarter. Prudential Financial Inc. now owns 76,247 shares of the basic materials company’s stock valued at $7,847,000 after purchasing an additional 33,172 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock valued at $504,885,000 after purchasing an additional 118,162 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Cal-Maine Foods in the fourth quarter worth $323,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Cal-Maine Foods during the 4th quarter worth $2,542,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

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

Analysts Set New Price Targets

A number of research firms have weighed in on CALM. Stephens reissued an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $91.40 on Wednesday. The company has a market cap of $4.48 billion, a PE ratio of 7.11 and a beta of -0.12. The firm has a fifty day moving average price of $96.24 and a two-hundred day moving average price of $94.91. 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 released its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm’s revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal 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.