Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Letitia Callender Hughes Sells 809 Shares

Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Cal-Maine Foods Trading Down 0.5 %

CALM traded down $0.60 during midday trading on Thursday, reaching $111.91. The company’s stock had a trading volume of 654,386 shares, compared to its average volume of 887,007. The stock’s 50-day moving average is $100.45 and its 200-day moving average is $83.69. Cal-Maine Foods, Inc. has a 1 year low of $53.38 and a 1 year high of $114.06. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.71 and a beta of -0.11.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods’s revenue was up 82.5% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. As a group, equities research analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock.

Institutional Investors Weigh In On Cal-Maine Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC purchased a new stake in Cal-Maine Foods during the 4th quarter valued at $213,000. Eldred Rock Partners LLC lifted its holdings in shares of Cal-Maine Foods by 0.4% during the fourth quarter. Eldred Rock Partners LLC now owns 145,630 shares of the basic materials company’s stock valued at $14,935,000 after purchasing an additional 635 shares in the last quarter. J2 Capital Management Inc purchased a new stake in shares of Cal-Maine Foods during the fourth quarter valued at $584,000. Ritholtz Wealth Management increased its holdings in Cal-Maine Foods by 23.1% in the 4th quarter. Ritholtz Wealth Management now owns 3,564 shares of the basic materials company’s stock worth $367,000 after buying an additional 668 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Cal-Maine Foods by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,243 shares of the basic materials company’s stock worth $1,672,000 after buying an additional 324 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

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.