Daily Flux Report

Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Buck Wealth Strategies LLC


Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,410 shares of the basic materials company's stock after selling 9,422 shares during the period. Buck Wealth Strategies LLC owned 0.11% of Cal-Maine Foods worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CALM. Harbor Capital Advisors Inc. acquired a new position in Cal-Maine Foods in the 3rd quarter worth approximately $29,000. Hantz Financial Services Inc. acquired a new position in Cal-Maine Foods during the second quarter valued at $25,000. Hexagon Capital Partners LLC boosted its holdings in Cal-Maine Foods by 57.0% in the third 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 last quarter. Krane Funds Advisors LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter worth about $33,000. Finally, Quarry LP raised its stake in shares of Cal-Maine Foods by 1,975.0% during the 2nd 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. Hedge funds and other institutional investors own 84.67% of the company's stock.

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now owns 16,754 shares of the company's stock, valued at approximately $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.45% of the stock is owned by corporate insiders.

NASDAQ CALM opened at $92.86 on Wednesday. The business's fifty day simple moving average is $82.11 and its 200-day simple moving average is $70.13. The firm has a market cap of $4.55 billion, a PE ratio of 10.64 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52 week low of $45.07 and a 52 week high of $95.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $785.87 million during the quarter, compared to analysts' expectations of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The company's revenue was up 71.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. Research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Several analysts recently commented on CALM shares. The Goldman Sachs Group raised their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a "sell" rating in a research report on Wednesday, July 17th. Stephens began coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target on the stock. Finally, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th.

Get Our Latest Stock Report on CALM

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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