Cal-Maine Foods (NASDAQ:CALM) Receives New Coverage from Analysts at Stephens

Investment analysts at Stephens started coverage on shares of Cal-Maine Foods (NASDAQ:CALM) in a report released on Thursday, MarketBeat.com reports. The firm set an “equal weight” rating and a $82.00 price target on the basic materials company’s stock. Stephens’ price objective suggests a potential downside of 3.04% from the stock’s previous close.

Separately, The Goldman Sachs Group boosted their target price on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research report on Wednesday, July 17th.

Cal-Maine Foods Trading Up 6.2 %

Shares of NASDAQ:CALM opened at $84.57 on Thursday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.84 and a beta of -0.10. Cal-Maine Foods has a 12-month low of $43.50 and a 12-month high of $84.67. The business has a 50-day moving average price of $71.55 and a 200 day moving average price of $64.25.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The company had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. Cal-Maine Foods had a return on equity of 16.46% and a net margin of 11.94%. The company’s quarterly revenue was up 71.1% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS.

Insider Transactions at Cal-Maine Foods

In related news, Director James E. Poole sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $70.65, for a total transaction of $105,975.00. Following the sale, the director now directly owns 10,170 shares of the company’s stock, valued at $718,510.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $70.65, for a total transaction of $105,975.00. Following the completion of the transaction, the director now directly owns 10,170 shares of the company’s stock, valued at $718,510.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the sale, the chief operating officer now directly owns 5,310 shares in the company, valued at $372,762. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $422,970. 13.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods during the 2nd quarter worth $25,000. Quarry LP increased its holdings in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after buying an additional 553 shares during the last quarter. CWM LLC raised its stake in Cal-Maine Foods by 120.1% in the second quarter. CWM LLC now owns 625 shares of the basic materials company’s stock valued at $38,000 after buying an additional 341 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in Cal-Maine Foods by 32,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after buying an additional 648 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

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.