Buck Wealth Strategies LLC Sells 9,422 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Buck Wealth Strategies LLC lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 14.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,410 shares of the basic materials company's stock after selling 9,422 shares during the quarter. Buck Wealth Strategies LLC owned approximately 0.11% of Cal-Maine Foods worth $4,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Cal-Maine Foods by 362.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company's stock worth $966,000 after buying an additional 12,387 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Cal-Maine Foods by 162.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company's stock worth $3,681,000 after acquiring an additional 38,693 shares during the period. UniSuper Management Pty Ltd purchased a new position in Cal-Maine Foods in the 1st quarter worth approximately $479,000. Vanguard Group Inc. boosted its holdings in Cal-Maine Foods by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company's stock worth $282,219,000 after acquiring an additional 23,915 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in Cal-Maine Foods by 267.4% in the 2nd quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company's stock worth $1,085,000 after acquiring an additional 12,917 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 1.1 %

Shares of Cal-Maine Foods stock traded down $1.04 on Wednesday, hitting $91.82. 109,602 shares of the company's stock traded hands, compared to its average volume of 602,900. The stock has a market cap of $4.50 billion, a P/E ratio of 10.46 and a beta of -0.12. The firm's 50-day moving average is $82.11 and its 200 day moving average is $70.13. Cal-Maine Foods, Inc. has a 52-week low of $45.07 and a 52-week high of $95.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $785.87 million for the quarter, compared to analysts' expectations of $704.65 million. During the same quarter last year, the company posted $0.02 earnings per share. The business's quarterly revenue was up 71.1% compared to the same quarter last year. Equities research analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Insider Buying and Selling

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total transaction of $106,395.00. Following the transaction, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CALM has been the subject of a number of analyst reports. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Cal-Maine Foods from $47.00 to $52.00 and gave the company a "sell" rating in a research note on Wednesday, July 17th. Finally, Stephens began coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 target price for the company.

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.