Yousif Capital Management LLC Has $1.38 Million Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Yousif Capital Management LLC trimmed its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,217 shares of the basic materials company’s stock after selling 307 shares during the period. Yousif Capital Management LLC’s holdings in Cal-Maine Foods were worth $1,383,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in Cal-Maine Foods during the 1st quarter valued at about $30,000. Future Financial Wealth Managment LLC acquired a new position in Cal-Maine Foods in the first quarter valued at approximately $77,000. Harbor Capital Advisors Inc. lifted its holdings in Cal-Maine Foods by 126.0% in the first quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company’s stock valued at $84,000 after buying an additional 513 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after buying an additional 797 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Cal-Maine Foods in the 4th quarter valued at $134,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised Cal-Maine Foods to a “hold” rating in a research note on Tuesday, May 6th. Stephens reissued an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 1st.

Cal-Maine Foods Trading Up 0.4%

Shares of Cal-Maine Foods stock opened at $100.61 on Wednesday. The company has a market capitalization of $4.93 billion, a PE ratio of 4.97 and a beta of 0.17. Cal-Maine Foods, Inc. has a 12 month low of $57.56 and a 12 month high of $116.41. The stock’s fifty day simple moving average is $95.06 and its 200 day simple moving average is $97.84.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 48.72% and a net margin of 26.08%. Cal-Maine Foods’s revenue was up 101.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.00 earnings per share. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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.