Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Get Free Report) rose 5.3% during mid-day trading on Monday . The stock traded as high as $87.51 and last traded at $87.46. Approximately 63,268 shares traded hands during trading, a decline of 93% from the average daily volume of 959,489 shares. The stock had previously closed at $83.03.
Wall Street Analyst Weigh In
CALM has been the subject of several recent research reports. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Stephens reiterated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th.
Get Our Latest Research Report on Cal-Maine Foods
Cal-Maine Foods Price Performance
The business's 50 day simple moving average is $99.24 and its 200 day simple moving average is $93.32. The stock has a market cap of $4.37 billion, a P/E ratio of 6.94 and a beta of -0.12.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods's revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. Research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.
Insider Activity
In related news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.45% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Quarry LP increased its position in Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 189 shares during the period. Smartleaf Asset Management LLC increased its stake in Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods in the fourth quarter worth approximately $134,000. GAMMA Investing LLC grew its position in 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 purchasing an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.
About Cal-Maine Foods
(
Get Free Report)
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.
See Also
Before you consider Cal-Maine Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cal-Maine Foods wasn't on the list.
While Cal-Maine Foods currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
