860 Shares in Cal-Maine Foods, Inc. $CALM Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 860 shares of the basic materials company’s stock, valued at approximately $86,000.

A number of other hedge funds have also modified their holdings of CALM. Investment Management Corp VA ADV grew its stake in Cal-Maine Foods by 172.2% in the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 248 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Cal-Maine Foods in the first quarter valued at approximately $52,000. AdvisorNet Financial Inc bought a new position in Cal-Maine Foods in the second quarter valued at approximately $54,000. Blue Trust Inc. grew its stake in Cal-Maine Foods by 388.2% in the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 493 shares in the last quarter. Finally, Quarry LP grew its stake in Cal-Maine Foods by 1,470.5% in the first quarter. Quarry LP now owns 691 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 647 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Keira L. Lombardo acquired 2,800 shares of the stock in a transaction on Thursday, October 2nd. The shares were purchased at an average price of $92.36 per share, for a total transaction of $258,608.00. Following the purchase, the insider directly owned 3,738 shares in the company, valued at approximately $345,241.68. The trade was a 298.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by company insiders.

Cal-Maine Foods Trading Up 3.1%

NASDAQ:CALM opened at $94.43 on Friday. The stock has a market cap of $4.58 billion, a P/E ratio of 3.63 and a beta of 0.22. The stock has a 50 day simple moving average of $105.45 and a 200 day simple moving average of $100.40. Cal-Maine Foods, Inc. has a 1-year low of $79.55 and a 1-year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Wednesday, October 1st. The basic materials company reported $4.12 EPS for the quarter, missing analysts’ consensus estimates of $4.55 by ($0.43). Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.The company had revenue of $922.60 million for the quarter, compared to the consensus estimate of $931.62 million. During the same quarter last year, the business earned $3.06 EPS. Cal-Maine Foods’s revenue was up 17.4% on a year-over-year basis. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Wednesday, October 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is 36.22%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CALM shares. Wall Street Zen downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 23rd. BMO Capital Markets decreased their price target on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating for the company in a research note on Friday, October 3rd. The Goldman Sachs Group decreased their price target on Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, October 3rd. Lake Street Capital set a $97.00 price objective on Cal-Maine Foods in a research report on Friday, October 3rd. Finally, Stephens raised their price objective on Cal-Maine Foods from $108.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.75.

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.