Janney Montgomery Scott LLC Has $7.13 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Janney Montgomery Scott LLC grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 788.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,173 shares of the basic materials company’s stock after purchasing an additional 130,607 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Cal-Maine Foods were worth $7,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Byrne Asset Management LLC bought a new position in Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Signaturefd LLC boosted its stake in Cal-Maine Foods by 44.2% during the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 233 shares during the last quarter. Huntington National Bank boosted its stake in Cal-Maine Foods by 183.8% during the 2nd quarter. Huntington National Bank now owns 1,209 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 783 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Cal-Maine Foods by 39.1% during the 1st quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 308 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens lifted their price objective on shares of Cal-Maine Foods from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th.

Read Our Latest Research Report on CALM

Insider Activity

In related news, EVP Charles Jeff Hardin sold 4,458 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.56, for a total transaction of $252,144.48. Following the transaction, the executive vice president now directly owns 17,830 shares in the company, valued at $1,008,464.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.73, for a total transaction of $57,864.60. Following the completion of the transaction, the director now directly owns 43,570 shares of the company’s stock, valued at $2,471,726.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles Jeff Hardin sold 4,458 shares of Cal-Maine Foods stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total transaction of $252,144.48. Following the transaction, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at $1,008,464.80. The disclosure for this sale can be found here. 13.51% of the stock is owned by corporate insiders.

Cal-Maine Foods Stock Up 0.1 %

NASDAQ CALM opened at $55.56 on Friday. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $61.91. The company has a market capitalization of $2.72 billion, a PE ratio of 6.00 and a beta of -0.06. The firm’s 50 day moving average is $54.84 and its 200-day moving average is $49.94.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last posted its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.48). Cal-Maine Foods had a net margin of 16.94% and a return on equity of 28.34%. The business had revenue of $523.23 million during the quarter, compared to analyst estimates of $525.39 million. During the same quarter last year, the business earned $4.07 earnings per share. Cal-Maine Foods’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 3.35 EPS for the current year.

Cal-Maine Foods Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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