Counterpoint Mutual Funds LLC Purchases New Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Counterpoint Mutual Funds LLC acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,408 shares of the basic materials company’s stock, valued at approximately $1,071,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Cal-Maine Foods by 88.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after buying an additional 159,787 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after buying an additional 139,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after buying an additional 76,387 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock worth $9,913,000 after purchasing an additional 75,090 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Cal-Maine Foods by 52.5% during the 4th quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company’s stock worth $20,262,000 after acquiring an additional 67,807 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $83.03 on Monday. The business has a 50-day moving average of $100.44 and a 200-day moving average of $93.13. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41. The company has a market capitalization of $4.07 billion, a PE ratio of 6.46 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly 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 return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter last year, the business posted $0.35 EPS. The business’s revenue was up 82.5% on a year-over-year basis. On average, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CALM. Stephens reiterated 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. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Insider Buying and Selling

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.45% of the stock is currently owned by insiders.

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.