D.A. Davidson & CO. Has $223,000 Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

D.A. Davidson & CO. lessened its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 46.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,170 shares of the basic materials company’s stock after selling 1,868 shares during the period. D.A. Davidson & CO.’s holdings in Cal-Maine Foods were worth $223,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock worth $25,457,000 after purchasing an additional 159,787 shares during the last quarter. Two Sigma Advisers LP lifted its position in Cal-Maine Foods by 652.6% during the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after acquiring an additional 139,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 during the last quarter. Pacer Advisors Inc. boosted its position in shares of Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after acquiring an additional 64,489 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Cal-Maine Foods during the 3rd quarter worth approximately $4,188,000. 84.67% of the stock is currently owned by institutional investors.

Insider Activity

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm’s 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 transaction, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents 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 hyperlink. 13.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Cal-Maine Foods Price Performance

Shares of CALM stock opened at $88.78 on Friday. Cal-Maine Foods, Inc. has a one year low of $54.88 and a one year high of $116.41. The business’s 50 day simple moving average is $104.13 and its 200 day simple moving average is $91.66. The stock has a market capitalization of $4.35 billion, a PE ratio of 6.91 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during 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 firm’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current 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.