denkapparat Operations GmbH Buys New Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

denkapparat Operations GmbH purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,726 shares of the basic materials company’s stock, valued at approximately $589,000. Cal-Maine Foods comprises approximately 0.9% of denkapparat Operations GmbH’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CALM. Quarry LP raised its holdings in Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Cal-Maine Foods in the fourth quarter worth about $134,000. GAMMA Investing LLC increased its holdings in Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Activity

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares of the company’s stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 13.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens reissued an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $92.21 on Friday. The firm has a 50-day simple moving average of $97.60 and a two-hundred day simple moving average of $94.09. The firm has a market cap of $4.52 billion, a P/E ratio of 7.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 82.5% on a year-over-year basis. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Company 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.