Zurcher Kantonalbank Zurich Cantonalbank Has $415,000 Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,237 shares of the basic materials company’s stock after selling 348 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cal-Maine Foods were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CALM. SG Americas Securities LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter valued at $643,000. Exchange Traded Concepts LLC acquired a new stake in shares of Cal-Maine Foods in the third quarter valued at $29,000. Commonwealth Equity Services LLC raised its holdings in shares of Cal-Maine Foods by 7.9% in the third quarter. Commonwealth Equity Services LLC now owns 17,092 shares of the basic materials company’s stock valued at $828,000 after buying an additional 1,253 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Cal-Maine Foods by 6.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,038 shares of the basic materials company’s stock worth $389,000 after buying an additional 504 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Cal-Maine Foods by 2.8% during the 3rd quarter. Raymond James & Associates now owns 116,417 shares of the basic materials company’s stock worth $5,637,000 after acquiring an additional 3,132 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, EVP Charles Jeff Hardin sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total value of $42,382.50. Following the transaction, the executive vice president now owns 3,999 shares of the company’s stock, valued at approximately $225,983.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 750 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total transaction of $42,382.50. Following the completion of the sale, the executive vice president now owns 3,999 shares in the company, valued at approximately $225,983.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Poole sold 3,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the transaction, the director now directly owns 11,670 shares in the company, valued at approximately $652,469.70. The disclosure for this sale can be found here. Company insiders own 13.51% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $56.80 on Friday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 10.07 and a beta of -0.02. The stock’s fifty day moving average price is $59.22 and its two-hundred day moving average price is $54.73. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. The company had revenue of $703.08 million during the quarter, compared to the consensus estimate of $692.35 million. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The firm’s quarterly revenue was down 29.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.62 earnings per share. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 4.63 EPS for the current fiscal year.

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.