Cal-Maine Foods (NASDAQ:CALM) Trading 1.5% Higher - Should You Buy?

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Get Free Report) traded up 1.5% on Friday . The company traded as high as $92.64 and last traded at $94.35. 50,523 shares changed hands during trading, a decline of 92% from the average session volume of 673,550 shares. The stock had previously closed at $92.97.

Analyst Ratings Changes

CALM has been the subject of several analyst reports. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Stephens reissued an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Cal-Maine Foods Stock Up 2.5 %

The business has a 50 day moving average price of $94.04 and a two-hundred day moving average price of $95.59. The stock has a market cap of $4.54 billion, a P/E ratio of 7.20 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.00 EPS. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $3.46 per share. This represents a $13.84 annualized dividend and a yield of 14.95%. This is a boost from Cal-Maine Foods's previous quarterly dividend of $1.49. Cal-Maine Foods's dividend payout ratio (DPR) is presently 46.30%.

Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 13.45% of the company's stock.

Institutional Trading of Cal-Maine Foods

Several hedge funds have recently modified their holdings of the company. Quarry LP increased its position in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after purchasing an additional 189 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Cal-Maine Foods in the 1st quarter worth about $77,000. Smartleaf Asset Management LLC increased its holdings in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Cal-Maine Foods during the 4th quarter valued at about $134,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after acquiring an additional 267 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

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.