Adolphus B. Baker Sells 140,266 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock

Cal-Maine Foods, Inc. (NASDAQ:CALM) insider Adolphus B. Baker sold 140,266 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the completion of the transaction, the insider now owns 1,319,034 shares of the company’s stock, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Cal-Maine Foods Trading Down 1.1 %

Shares of NASDAQ:CALM opened at $91.49 on Friday. The company has a 50 day moving average of $91.78 and a 200-day moving average of $96.42. The firm has a market cap of $4.49 billion, a P/E ratio of 7.12 and a beta of 0.11. Cal-Maine Foods, Inc. has a twelve month low of $55.15 and a twelve month high of $116.41.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after acquiring an additional 188 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Cal-Maine Foods by 9.6% in the 3rd quarter. MML Investors Services LLC now owns 4,464 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 392 shares in the last quarter. Barclays PLC lifted its stake in Cal-Maine Foods by 48.3% during the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock valued at $7,749,000 after purchasing an additional 33,731 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cal-Maine Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after buying an additional 10,984 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in Cal-Maine Foods by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 6,935 shares of the basic materials company’s stock worth $519,000 after buying an additional 467 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.