Inspire Investing LLC Raises Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Inspire Investing LLC grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 112.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,805 shares of the basic materials company’s stock after acquiring an additional 6,247 shares during the quarter. Inspire Investing LLC’s holdings in Cal-Maine Foods were worth $1,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in Cal-Maine Foods during the 3rd quarter valued at approximately $788,000. Friedenthal Financial acquired a new position in shares of Cal-Maine Foods in the 4th quarter valued at $765,000. Centiva Capital LP purchased a new position in Cal-Maine Foods in the 3rd quarter worth $491,000. Franklin Resources Inc. lifted its position in Cal-Maine Foods by 91.7% during the 3rd quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company’s stock worth $4,713,000 after acquiring an additional 30,122 shares during the period. Finally, Barclays PLC grew its stake in Cal-Maine Foods by 48.3% during the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock valued at $7,749,000 after purchasing an additional 33,731 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction 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 completion of the transaction, the director now 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 link. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $110.48 on Friday. The firm’s fifty day moving average is $103.05 and its two-hundred day moving average is $85.64. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 8.60 and a beta of -0.11. Cal-Maine Foods, Inc. has a one year low of $54.50 and a one 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 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. The firm had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company’s revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CALM has been the subject of several research analyst reports. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company.

Cal-Maine Foods 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.