Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Ballew Advisors Inc

Ballew Advisors Inc lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,624 shares of the basic materials company’s stock after selling 5,491 shares during the period. Ballew Advisors Inc’s holdings in Cal-Maine Foods were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Captrust Financial Advisors raised its stake in Cal-Maine Foods by 7.0% in the 2nd quarter. Captrust Financial Advisors now owns 2,804 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 183 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Cal-Maine Foods by 44.2% during the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock valued at $37,000 after buying an additional 233 shares during the period. Allianz Asset Management GmbH boosted its position in Cal-Maine Foods by 1.2% during the first quarter. Allianz Asset Management GmbH now owns 20,969 shares of the basic materials company’s stock worth $1,158,000 after acquiring an additional 241 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Cal-Maine Foods by 4.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,896 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 262 shares during the last quarter. Finally, Advisor Partners II LLC lifted its stake in shares of Cal-Maine Foods by 2.7% during the 4th quarter. Advisor Partners II LLC now owns 11,545 shares of the basic materials company’s stock worth $629,000 after purchasing an additional 304 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their target price on Cal-Maine Foods from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd.

Insiders Place Their Bets

In related news, EVP Charles Jeff Hardin sold 4,458 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total value of $252,144.48. Following the completion of the sale, the executive vice president now directly owns 17,830 shares in the company, valued at approximately $1,008,464.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 4,458 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total value of $252,144.48. Following the completion of the transaction, the executive vice president now owns 17,830 shares in the company, valued at approximately $1,008,464.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Letitia Callender Hughes sold 1,020 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total transaction of $57,864.60. Following the transaction, the director now directly owns 43,570 shares in the company, valued at $2,471,726.10. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock worth $520,122 over the last ninety days. 13.51% of the stock is owned by company insiders.

Cal-Maine Foods Price Performance

CALM stock traded up $0.23 on Thursday, hitting $58.85. 670,557 shares of the company were exchanged, compared to its average volume of 604,735. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 6.36 and a beta of -0.06. The business’s fifty day moving average is $57.40 and its two-hundred day moving average is $52.61. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $62.58.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.48). The firm had revenue of $523.23 million for the quarter, compared to analyst estimates of $525.39 million. Cal-Maine Foods had a return on equity of 28.34% and a net margin of 16.94%. The business’s revenue was down 34.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.07 earnings per share. Equities research analysts expect that Cal-Maine Foods, Inc. will post 3.35 earnings per share for the current year.

About Cal-Maine Foods

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.