Planned Solutions Inc. Purchases New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Planned Solutions Inc. bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,910 shares of the basic materials company’s stock, valued at approximately $110,000.

Several other institutional investors and hedge funds have also bought and sold shares of CALM. Exchange Traded Concepts LLC purchased a new stake in shares of Cal-Maine Foods in the 3rd quarter worth about $29,000. Byrne Asset Management LLC purchased a new position in Cal-Maine Foods during the third quarter valued at $29,000. Signaturefd LLC grew its stake in shares of Cal-Maine Foods by 44.2% in the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 233 shares during the last quarter. Huntington National Bank raised its position in shares of Cal-Maine Foods by 183.8% in the 2nd quarter. Huntington National Bank now owns 1,209 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 783 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Cal-Maine Foods by 39.1% in the 1st quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 308 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Down 1.4 %

Shares of NASDAQ CALM opened at $58.62 on Thursday. The firm’s 50-day moving average price is $57.30 and its 200-day moving average price is $52.56. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $62.58. The company has a market cap of $2.87 billion, a PE ratio of 6.33 and a beta of -0.06.

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

Insider Buying and Selling

In other news, EVP Charles Jeff Hardin sold 4,458 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 4,458 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $56.56, for a total transaction of $252,144.48. Following the sale, 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 is available through this hyperlink. Also, Director Letitia Callender Hughes sold 1,020 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total transaction of $57,864.60. Following the completion of the transaction, the director now owns 43,570 shares of the company’s stock, valued at $2,471,726.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,228 shares of company stock valued at $520,122. 13.51% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.