11,994 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,994 shares of the basic materials company’s stock, valued at approximately $688,000.

Several other institutional investors have also recently bought and sold shares of the stock. Cape Investment Advisory Inc. bought a new position in Cal-Maine Foods in the 4th quarter worth approximately $32,000. Fortis Capital Advisors LLC bought a new position in Cal-Maine Foods in the 4th quarter worth approximately $240,000. Advisory Services Network LLC bought a new position in Cal-Maine Foods in the 4th quarter worth approximately $160,000. Brandes Investment Partners LP bought a new stake in shares of Cal-Maine Foods during the 4th quarter valued at $235,000. Finally, Assetmark Inc. raised its position in shares of Cal-Maine Foods by 6.4% during the 4th quarter. Assetmark Inc. now owns 66,954 shares of the basic materials company’s stock valued at $3,843,000 after acquiring an additional 4,031 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded up $0.64 on Friday, hitting $60.35. 386,133 shares of the company’s stock traded hands, compared to its average volume of 529,416. The firm’s 50-day moving average price is $59.37 and its two-hundred day moving average price is $56.15. The stock has a market capitalization of $2.96 billion, a PE ratio of 10.70 and a beta of -0.02. Cal-Maine Foods, Inc. has a one year low of $42.25 and a one year high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.45 by $0.55. The company had revenue of $703.08 million during the quarter, compared to analysts’ expectations of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The business’s revenue for the quarter was down 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.62 EPS. On average, analysts forecast that Cal-Maine Foods, Inc. will post 4.51 earnings per share for the current fiscal year.

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.