Cal-Maine Foods (NASDAQ:CALM) Trading Up 2.5% - Should You Buy?

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Get Free Report) shot up 2.5% during mid-day trading on Friday . The stock traded as high as $95.97 and last traded at $96.40. 30,734 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 747,912 shares. The stock had previously closed at $94.07.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CALM. Wall Street Zen cut shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Sunday. Stephens reiterated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th.

Cal-Maine Foods Trading Up 2.0%

The company's 50 day moving average price is $93.90 and its two-hundred day moving average price is $97.75. The firm has a market cap of $4.71 billion, a PE ratio of 7.47 and a beta of 0.18.

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

Insider Activity at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction on Thursday, April 17th. The shares were 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 in the company, valued at approximately $119,504,480.40. The trade was a 9.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Barclays PLC increased its holdings in Cal-Maine Foods by 48.3% in the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock valued at $7,749,000 after acquiring an additional 33,731 shares during the last quarter. KBC Group NV increased its holdings in Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after acquiring an additional 629 shares during the last quarter. Buck Wealth Strategies LLC increased its holdings in Cal-Maine Foods by 5.4% in the 4th quarter. Buck Wealth Strategies LLC now owns 57,324 shares of the basic materials company's stock valued at $5,900,000 after acquiring an additional 2,914 shares during the last quarter. Vest Financial LLC increased its holdings in Cal-Maine Foods by 17.2% in the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock valued at $2,424,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 84.67% 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.