Picton Mahoney Asset Management Purchases 1,152 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Picton Mahoney Asset Management raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 47.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,560 shares of the basic materials company’s stock after purchasing an additional 1,152 shares during the period. Picton Mahoney Asset Management’s holdings in Cal-Maine Foods were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Savant Capital LLC increased its stake in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 92 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Cal-Maine Foods by 0.4% during 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 purchasing an additional 145 shares during the last quarter. US Bancorp DE raised its holdings in shares of Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock valued at $691,000 after buying an additional 156 shares in the last quarter. Stifel Financial Corp lifted its position in Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after buying an additional 188 shares during the last quarter. Finally, Quarry LP boosted its stake in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after buying an additional 189 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

CALM opened at $83.03 on Monday. The stock’s 50 day simple moving average is $100.44 and its 200 day simple moving average is $93.13. The firm 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 1 year low of $55.00 and a 1 year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (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 firm had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue was up 82.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analyst Weigh In

CALM has been the topic of several research reports. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Stephens reissued 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.

Insider Activity

In other 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 transaction of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.45% of the company’s stock.

About Cal-Maine Foods

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.