J2 Capital Management Inc Takes Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

J2 Capital Management Inc purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,679 shares of the basic materials company’s stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CALM. Dimensional Fund Advisors LP grew its holdings in Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock valued at $159,863,000 after buying an additional 114,995 shares in the last quarter. State Street Corp boosted its position in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after acquiring an additional 46,187 shares during the last quarter. Pacer Advisors Inc. grew its holdings 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 purchasing an additional 64,489 shares during the period. Geode Capital Management LLC increased its position in Cal-Maine Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after purchasing an additional 10,984 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Cal-Maine Foods by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock worth $46,490,000 after purchasing an additional 20,528 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday.

Cal-Maine Foods Stock Up 1.5 %

NASDAQ:CALM opened at $113.63 on Friday. Cal-Maine Foods, Inc. has a 52 week low of $53.38 and a 52 week high of $114.40. The company has a fifty day simple moving average of $101.36 and a two-hundred day simple moving average of $84.40. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 8.84 and a beta of -0.11.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Insider Activity

In related news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.45% of the company’s stock.

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.