Avantax Advisory Services Inc. Sells 701 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Avantax Advisory Services Inc. lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,361 shares of the basic materials company’s stock after selling 701 shares during the period. Avantax Advisory Services Inc.’s holdings in Cal-Maine Foods were worth $405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuance Investments LLC boosted its stake in Cal-Maine Foods by 25.8% in the third quarter. Nuance Investments LLC now owns 1,567,434 shares of the basic materials company’s stock valued at $75,895,000 after acquiring an additional 321,438 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in Cal-Maine Foods in the third quarter valued at approximately $278,000. New York State Common Retirement Fund boosted its stake in Cal-Maine Foods by 15.1% in the third quarter. New York State Common Retirement Fund now owns 23,686 shares of the basic materials company’s stock valued at $1,147,000 after acquiring an additional 3,110 shares during the last quarter. Barclays PLC boosted its stake in Cal-Maine Foods by 1.6% in the third quarter. Barclays PLC now owns 54,565 shares of the basic materials company’s stock valued at $2,642,000 after acquiring an additional 868 shares during the last quarter. Finally, Greenwich Wealth Management LLC bought a new position in Cal-Maine Foods in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on CALM

Cal-Maine Foods Stock Up 1.0 %

Shares of NASDAQ CALM opened at $56.09 on Tuesday. The company’s fifty day moving average is $54.97 and its 200-day moving average is $50.05. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 6.06 and a beta of -0.06. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $61.91.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last announced its quarterly 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). The firm had revenue of $523.23 million for the quarter, compared to the consensus estimate of $525.39 million. Cal-Maine Foods had a return on equity of 28.34% and a net margin of 16.94%. The company’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.07 earnings per share. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 3.35 EPS for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.73, for a total transaction of $57,864.60. Following the transaction, 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 legal filing with the SEC, which is available at the SEC website. In related news, EVP Charles Jeff Hardin sold 4,458 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.56, for a total value of $252,144.48. Following the completion of the transaction, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at approximately $1,008,464.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Letitia Callender Hughes sold 1,020 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 43,570 shares of the company’s stock, valued at $2,471,726.10. The disclosure for this sale can be found here. Insiders own 13.51% of the company’s stock.

Cal-Maine Foods Company Profile

(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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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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