Insider Selling: Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Sells 1,020 Shares of Stock

Cal-Maine Foods, Inc. (NASDAQ:CALMGet Free Report) Director Letitia Callender Hughes sold 1,020 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.73, for a total transaction of $57,864.60. Following the completion of the sale, the director now directly owns 43,570 shares of the company’s stock, valued at $2,471,726.10. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Cal-Maine Foods Stock Down 0.7 %

Cal-Maine Foods stock opened at $55.76 on Thursday. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $61.91. The firm has a 50 day moving average price of $54.56 and a 200-day moving average price of $49.80. The company has a market capitalization of $2.73 billion, a P/E ratio of 6.02 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last released its earnings results on Wednesday, January 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.48). Cal-Maine Foods had a net margin of 16.94% and a return on equity of 28.34%. The company had revenue of $523.23 million for the quarter, compared to the consensus estimate of $525.39 million. During the same period in the prior year, the company earned $4.07 earnings per share. The firm’s revenue was down 34.7% on a year-over-year basis. Equities analysts expect that Cal-Maine Foods, Inc. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Stephens increased their target price on shares of Cal-Maine Foods from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th.

Get Our Latest Report on CALM

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CALM. Captrust Financial Advisors raised its position in shares of Cal-Maine Foods by 7.0% during the 2nd quarter. Captrust Financial Advisors now owns 2,804 shares of the basic materials company’s stock valued at $139,000 after buying an additional 183 shares in the last quarter. National Bank of Canada FI raised its position in shares of Cal-Maine Foods by 2.3% during the 4th quarter. National Bank of Canada FI now owns 9,547 shares of the basic materials company’s stock valued at $541,000 after buying an additional 218 shares in the last quarter. Heron Financial Group LLC raised its position in shares of Cal-Maine Foods by 2.4% during the 2nd quarter. Heron Financial Group LLC now owns 9,577 shares of the basic materials company’s stock valued at $431,000 after buying an additional 225 shares in the last quarter. Signaturefd LLC raised its position in shares of Cal-Maine Foods by 44.2% during the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock valued at $37,000 after buying an additional 233 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Cal-Maine Foods by 1.2% during the 1st quarter. Allianz Asset Management GmbH now owns 20,969 shares of the basic materials company’s stock valued at $1,158,000 after buying an additional 241 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

About Cal-Maine Foods

(Get Free Report)

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.

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