Cal-Maine Foods (NASDAQ:CALM) Stock Price Up 1.5% – What’s Next?

by · The Cerbat Gem

Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Free Report) shares shot up 1.5% on Friday . The stock 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 Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stephens reiterated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday.

View Our Latest Research Report on CALM

Cal-Maine Foods Stock Performance

The firm’s fifty day moving average is $95.51 and its 200-day moving average is $94.88. The company has a market capitalization of $4.56 billion, a P/E ratio of 7.26 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter last year, the business posted $0.35 EPS. Cal-Maine Foods’s revenue for the quarter was up 82.5% on a year-over-year basis. As a group, analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.45% of the company’s stock.

Institutional Investors Weigh In On Cal-Maine Foods

A number of institutional investors have recently made changes to their positions in CALM. Wellington Management Group LLP acquired a new stake in Cal-Maine Foods during the 4th quarter valued at approximately $391,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth $144,000. Jefferies Financial Group Inc. raised its stake in Cal-Maine Foods by 255.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 19,884 shares of the basic materials company’s stock worth $2,046,000 after buying an additional 14,284 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Cal-Maine Foods in the fourth quarter valued at $1,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cal-Maine Foods by 27.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,686 shares of the basic materials company’s stock valued at $7,995,000 after acquiring an additional 16,650 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Company Profile

(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.

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