Cal-Maine Foods, Inc. (NASDAQ:CALM) Director Sells $88,965.73 in Stock

Cal-Maine Foods, Inc. (NASDAQ:CALM - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.