Sanctuary Advisors LLC Takes $368,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sanctuary Advisors LLC bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,468 shares of the basic materials company’s stock, valued at approximately $368,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new stake in Cal-Maine Foods during the 2nd quarter worth $25,000. Quarry LP boosted its stake in Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares during the last quarter. CWM LLC boosted its stake in Cal-Maine Foods by 120.1% during the 2nd quarter. CWM LLC now owns 625 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 341 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 287 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Cal-Maine Foods during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.3 %

Shares of CALM stock opened at $94.40 on Friday. The company’s 50-day moving average price is $75.43 and its 200-day moving average price is $66.32. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 16.74 and a beta of -0.10. Cal-Maine Foods, Inc. has a twelve month low of $44.30 and a twelve month high of $95.06.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.30). The company had revenue of $785.87 million during the quarter, compared to analysts’ expectations of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm’s quarterly revenue was up 71.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share.

Cal-Maine Foods Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a $0.77 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.08 annualized dividend and a yield of 3.26%. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 72.16%.

Analysts Set New Price Targets

CALM has been the topic of several recent research reports. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted 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. Finally, Stephens assumed coverage on shares of 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.

Insider Activity at Cal-Maine Foods

In related news, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the sale, the director now directly owns 10,170 shares in the company, valued at approximately $718,510.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total transaction of $210,600.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $70.65, for a total transaction of $105,975.00. Following the sale, the director now owns 10,170 shares in the company, valued at $718,510.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,000 shares of company stock worth $422,970. Company insiders own 13.51% 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.