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 the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Cal-Maine Foods Stock Performance

CALM stock traded down $0.60 during trading on Thursday, hitting $111.91. 654,386 shares of the company traded hands, compared to its average volume of 887,007. The company has a 50-day moving average of $100.45 and a 200-day moving average of $83.69. The firm has a market capitalization of $5.49 billion, a PE ratio of 8.71 and a beta of -0.11. Cal-Maine Foods, Inc. has a 1 year low of $53.38 and a 1 year high of $114.06.

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

Hedge Funds Weigh In On Cal-Maine Foods

A number of hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Cal-Maine Foods in the third quarter worth about $29,000. Hexagon Capital Partners LLC lifted its holdings in Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after buying an additional 155 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Cal-Maine Foods in the 3rd quarter worth approximately $33,000. Quarry LP increased its stake in shares of Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after buying an additional 553 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Cal-Maine Foods by 62.9% during the third quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

CALM has been the subject of a number of recent analyst reports. Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.