Chesapeake Capital Corp IL Acquires 1,687 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Chesapeake Capital Corp IL raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 27.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,733 shares of the basic materials company’s stock after acquiring an additional 1,687 shares during the period. Chesapeake Capital Corp IL’s holdings in Cal-Maine Foods were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Cal-Maine Foods in the third quarter valued at approximately $29,000. Hantz Financial Services Inc. acquired a new stake in Cal-Maine Foods in the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its stake in Cal-Maine Foods by 57.0% in the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Cal-Maine Foods in the third quarter worth $33,000. Finally, Quarry LP raised its holdings in shares of Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after buying an additional 553 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This represents a 8.22 % decrease in their position. The sale 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.

Wall Street Analyst Weigh In

CALM has been the subject of a number of research analyst reports. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Friday.

Cal-Maine Foods Trading Down 0.0 %

CALM opened at $90.43 on Friday. The firm has a market capitalization of $4.43 billion, a PE ratio of 10.36 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $45.07 and a twelve month high of $95.06. The firm’s 50-day moving average price is $83.42 and its 200 day moving average price is $70.75.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. During the same period last year, the firm earned $0.02 earnings per share. Cal-Maine Foods’s revenue for the quarter was up 71.1% on a year-over-year basis. As a group, analysts predict that Cal-Maine Foods, Inc. will post 8.54 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.