Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Sells $88,965.73 in Stock

Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Letitia Callender Hughes sold 809 shares of the firm’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 completion of the sale, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cal-Maine Foods Trading Up 1.5 %

CALM stock opened at $113.63 on Friday. The firm has a 50 day moving average of $101.36 and a 200-day moving average of $84.40. Cal-Maine Foods, Inc. has a 12-month low of $53.38 and a 12-month high of $114.40. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 8.84 and a beta of -0.11.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. Sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cal-Maine Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at approximately $29,000. Hexagon Capital Partners LLC increased its stake in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Cal-Maine Foods during the 3rd quarter worth approximately $33,000. Quarry LP increased its stake in shares of Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 425 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CALM. Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective for the company. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.