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 Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares of the company’s stock, valued at $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 is available through this hyperlink.

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $113.63 on Friday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 8.84 and a beta of -0.11. The business has a fifty day moving average price of $101.36 and a 200-day moving average price of $84.24. Cal-Maine Foods, Inc. has a one year low of $53.38 and a one year high of $114.40.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

CALM has been the topic of several research reports. Stephens began coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price on the stock. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday.

Hedge Funds Weigh In On Cal-Maine Foods

Several large investors have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in shares of Cal-Maine Foods by 112.4% in the fourth quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock worth $1,215,000 after purchasing an additional 6,247 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after buying an additional 1,118 shares during the period. Ballentine Partners LLC purchased a new stake in Cal-Maine Foods in the 4th quarter worth $213,000. Eldred Rock Partners LLC raised its holdings in 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 acquiring an additional 635 shares during the period. Finally, J2 Capital Management Inc purchased a new position in shares of Cal-Maine Foods in the fourth quarter valued at about $584,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

About Cal-Maine Foods

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.