Cal-Maine Foods (NASDAQ:CALM) Reaches New 12-Month Low - Time to Sell?

Cal-Maine Foods, Inc. (NASDAQ:CALM - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $90.55 and last traded at $93.37, with a volume of 1208926 shares trading hands. The stock had previously closed at $93.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CALM shares. Stephens reaffirmed an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Friday.

Cal-Maine Foods Stock Up 0.5 %

The stock has a 50-day moving average of $91.10 and a 200 day moving average of $97.02. The company has a market capitalization of $4.56 billion, a PE ratio of 7.23 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm's revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.00 earnings per share. Equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the transaction, the insider now owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cal-Maine Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after purchasing an additional 118,162 shares in the last quarter. American Century Companies Inc. raised its holdings in Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after acquiring an additional 143,189 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after acquiring an additional 104,512 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Cal-Maine Foods by 60.2% in the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after acquiring an additional 253,310 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Cal-Maine Foods by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock worth $66,294,000 after acquiring an additional 22,939 shares during the period. 84.67% of the stock is currently owned by institutional investors.

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.