Chesapeake Capital Corp IL Buys New Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

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

Several other large investors have also recently added to or reduced their stakes in CALM. Cape Investment Advisory Inc. acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at $32,000. Fortis Capital Advisors LLC acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at $240,000. Advisory Services Network LLC acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at $160,000. Brandes Investment Partners LP acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at $235,000. Finally, Assetmark Inc. increased 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 purchasing an additional 4,031 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cal-Maine Foods Price Performance

Shares of CALM traded up $0.64 during trading hours on Friday, hitting $60.35. 386,133 shares of the company were exchanged, compared to its average volume of 529,416. The company has a market capitalization of $2.96 billion, a PE ratio of 10.70 and a beta of -0.02. The firm has a fifty day simple moving average of $59.37 and a 200-day simple moving average of $56.15. 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 released its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.55. The business had revenue of $703.08 million during the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The company’s revenue was down 29.5% compared to the same quarter last year. During the same period last year, the company posted $6.62 EPS. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 4.51 EPS for the current 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.