QRG Capital Management Inc. Acquires 277 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

QRG Capital Management Inc. lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,977 shares of the basic materials company’s stock after purchasing an additional 277 shares during the period. QRG Capital Management Inc.’s holdings in Cal-Maine Foods were worth $2,365,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Creative Planning boosted its holdings in Cal-Maine Foods by 34.7% in the third quarter. Creative Planning now owns 10,249 shares of the basic materials company’s stock valued at $767,000 after acquiring an additional 2,641 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Cal-Maine Foods by 5.9% in the third quarter. New York State Teachers Retirement System now owns 51,220 shares of the basic materials company’s stock valued at $3,833,000 after acquiring an additional 2,860 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Cal-Maine Foods in the third quarter valued at about $29,000. Asset Management One Co. Ltd. bought a new position in Cal-Maine Foods in the third quarter valued at about $212,000. Finally, Cozad Asset Management Inc. boosted its holdings in Cal-Maine Foods by 5.8% in the third quarter. Cozad Asset Management Inc. now owns 29,913 shares of the basic materials company’s stock valued at $2,239,000 after acquiring an additional 1,652 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens restated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday.

Cal-Maine Foods Trading Up 1.8 %

Shares of 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 stock has a market cap of $4.43 billion, a P/E ratio of 7.03 and a beta of -0.12. The stock’s 50-day moving average price is $103.88 and its two-hundred day moving average price is $92.11.

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 analysts’ consensus estimates 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 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 company’s revenue was up 82.5% compared to the same quarter last year. As a group, equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction dated 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 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 is available through this hyperlink. 13.45% of the stock is currently owned by insiders.

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.