Regal Investment Advisors LLC Sells 406 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Regal Investment Advisors LLC cut its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 7.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,941 shares of the basic materials company’s stock after selling 406 shares during the period. Regal Investment Advisors LLC’s holdings in Cal-Maine Foods were worth $509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings 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 worth $148,000 after acquiring an additional 1,118 shares during the period. Vest Financial LLC increased its holdings in shares of Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after purchasing an additional 3,449 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Cal-Maine Foods by 1,061.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock worth $3,330,000 after buying an additional 30,089 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 valued at $105,000 after buying an additional 797 shares during the period. Finally, Inspire Investing LLC grew its position in Cal-Maine Foods by 112.4% during the fourth quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock worth $1,215,000 after buying an additional 6,247 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CALM has been the topic of several recent analyst reports. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Stephens reiterated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods Stock Down 4.2 %

Shares of CALM stock opened at $92.50 on Thursday. The business has a 50-day moving average price of $92.14 and a two-hundred day moving average price of $96.31. Cal-Maine Foods, Inc. has a 12-month low of $55.15 and a 12-month high of $116.41. The firm has a market cap of $4.54 billion, a P/E ratio of 7.20 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s quarterly revenue was up 101.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.00 EPS. As a group, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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.