Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 275,664 shares of the basic materials company’s stock after acquiring an additional 9,345 shares during the quarter. Fisher Asset Management LLC owned about 0.56% of Cal-Maine Foods worth $28,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in shares of Cal-Maine Foods by 2.5% during the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock worth $391,000 after buying an additional 92 shares in the last quarter. Martingale Asset Management L P raised its stake 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 worth $2,943,000 after buying an additional 145 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Cal-Maine Foods by 1.3% during 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 in the last quarter. Quarry LP raised its stake in shares of Cal-Maine Foods by 32.5% during the 3rd 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. Finally, GAMMA Investing LLC raised its stake in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after buying an additional 267 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of analyst reports. Stephens reissued an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $90.39 on Monday. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41. The company has a market capitalization of $4.43 billion, a P/E ratio of 7.03 and a beta of -0.12. The business has a 50 day moving average price of $103.88 and a 200 day moving average price of $92.11.

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

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction 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 sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is currently owned by company insiders.

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.