Letitia Callender Hughes Sells 809 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock

Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred 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 transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $111.91 on Friday. The stock’s 50 day simple moving average is $100.90 and its 200-day simple moving average is $83.89. The company has a market cap 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 announced 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. The company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm’s quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Institutional Trading of Cal-Maine Foods

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in shares of Cal-Maine Foods by 17.1% in the second quarter. Envestnet Asset Management Inc. now owns 129,833 shares of the basic materials company’s stock valued at $7,934,000 after purchasing an additional 18,934 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cal-Maine Foods by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after buying an additional 114,995 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Cal-Maine Foods during the second quarter worth $1,632,000. Vanguard Personalized Indexing Management LLC grew its holdings in Cal-Maine Foods by 5.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,129 shares of the basic materials company’s stock valued at $313,000 after buying an additional 287 shares in the last quarter. Finally, Shariaportfolio Inc. increased its stake in shares of Cal-Maine Foods by 5.5% in the 2nd quarter. Shariaportfolio Inc. now owns 48,804 shares of the basic materials company’s stock worth $2,982,000 after acquiring an additional 2,545 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday. Stephens started coverage on shares of 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.

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.