Axxcess Wealth Management LLC Invests $203,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Axxcess Wealth Management LLC purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,972 shares of the basic materials company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CALM. Natixis Advisors LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter worth $766,000. Quest Partners LLC raised its stake in Cal-Maine Foods by 50,918.2% during the 3rd quarter. Quest Partners LLC now owns 5,612 shares of the basic materials company’s stock worth $420,000 after buying an additional 5,601 shares during the period. King Luther Capital Management Corp raised its stake in Cal-Maine Foods by 1.5% during the 3rd quarter. King Luther Capital Management Corp now owns 58,176 shares of the basic materials company’s stock worth $4,354,000 after buying an additional 837 shares during the period. Intech Investment Management LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter worth $4,188,000. Finally, Foundry Partners LLC raised its stake in Cal-Maine Foods by 51.8% during the 3rd quarter. Foundry Partners LLC now owns 8,870 shares of the basic materials company’s stock worth $664,000 after buying an additional 3,027 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Price Performance

CALM opened at $89.20 on Friday. The business’s 50-day moving average price is $98.98 and its two-hundred day moving average price is $93.59. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.94 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million for 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 company’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CALM. Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is owned by company 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.