Buck Wealth Strategies LLC Boosts Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Buck Wealth Strategies LLC raised its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 57,324 shares of the basic materials company’s stock after buying an additional 2,914 shares during the period. Buck Wealth Strategies LLC’s holdings in Cal-Maine Foods were worth $5,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CALM. Axiom Advisory LLC raised its position in Cal-Maine Foods by 3.3% during the third quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 128 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Cal-Maine Foods by 0.4% during the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock valued at $2,943,000 after purchasing an additional 145 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of 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 valued at $32,000 after purchasing an additional 155 shares during the period. Stifel Financial Corp boosted its holdings in Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after buying an additional 188 shares in the last quarter. Finally, Quarry LP grew its position in Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the business’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 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 legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $106.78 on Thursday. The firm has a fifty day moving average of $105.62 and a 200 day moving average of $88.66. The firm has a market cap of $5.24 billion, a PE ratio of 8.31 and a beta of -0.12. Cal-Maine Foods, Inc. has a one year low of $54.53 and a one year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share 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 during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

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.