Cal-Maine Foods Inc (NASDAQ:CALM) VP Robert L. Holladay, Jr. sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $41.61, for a total transaction of $49,932.00. Following the transaction, the vice president now owns 10,690 shares in the company, valued at approximately $444,810.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Cal-Maine Foods stock opened at $41.09 on Friday. Cal-Maine Foods Inc has a 12-month low of $40.63 and a 12-month high of $52.30. The firm has a market cap of $2.00 billion, a P/E ratio of 13.47 and a beta of 0.32.
Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, April 1st. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.32. The company had revenue of $383.99 million for the quarter, compared to the consensus estimate of $385.49 million. Cal-Maine Foods had a net margin of 9.57% and a return on equity of 15.09%. Cal-Maine Foods’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.99 EPS. Research analysts expect that Cal-Maine Foods Inc will post 1.09 earnings per share for the current fiscal year.
CALM has been the topic of a number of research reports. TheStreet downgraded shares of Cal-Maine Foods from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. Stephens initiated coverage on shares of Cal-Maine Foods in a research report on Monday, March 4th. They set an “equal weight” rating on the stock. Finally, ValuEngine downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Cal-Maine Foods presently has an average rating of “Hold” and a consensus target price of $47.00.
Hedge funds have recently made changes to their positions in the business. Karp Capital Management Corp bought a new stake in Cal-Maine Foods during the 4th quarter valued at $25,000. Meeder Asset Management Inc. increased its stake in Cal-Maine Foods by 67.3% during the 4th quarter. Meeder Asset Management Inc. now owns 994 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 400 shares in the last quarter. American Research & Management Co. increased its stake in Cal-Maine Foods by 200.0% during the 1st quarter. American Research & Management Co. now owns 1,500 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 1,000 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in Cal-Maine Foods during the 4th quarter valued at $77,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Cal-Maine Foods by 25.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,444 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds own 64.67% of the company’s stock.
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Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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