Buck Wealth Strategies LLC Has $4.85 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Buck Wealth Strategies LLC trimmed its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 7.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,309 shares of the basic materials company's stock after selling 4,015 shares during the period. Buck Wealth Strategies LLC owned 0.11% of Cal-Maine Foods worth $4,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of Cal-Maine Foods by 0.3% during the 4th quarter. Rhumbline Advisers now owns 123,525 shares of the basic materials company's stock worth $12,713,000 after purchasing an additional 419 shares in the last quarter. Principal Financial Group Inc. lifted its position in Cal-Maine Foods by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 220,523 shares of the basic materials company's stock worth $22,696,000 after purchasing an additional 8,793 shares during the period. Sanctuary Advisors LLC boosted its stake in Cal-Maine Foods by 6.1% during the fourth quarter. Sanctuary Advisors LLC now owns 7,357 shares of the basic materials company's stock worth $757,000 after buying an additional 422 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Cal-Maine Foods by 13.7% in the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the basic materials company's stock valued at $683,000 after buying an additional 800 shares during the period. Finally, Navellier & Associates Inc. acquired a new position in shares of Cal-Maine Foods in the 4th quarter valued at $1,938,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Down 1.2%

NASDAQ:CALM traded down $1.26 on Monday, reaching $100.84. The stock had a trading volume of 347,245 shares, compared to its average volume of 747,361. The company has a market capitalization of $4.95 billion, a P/E ratio of 4.98 and a beta of 0.17. Cal-Maine Foods, Inc. has a 1-year low of $58.59 and a 1-year high of $116.41. The stock has a fifty day moving average price of $95.50 and a 200-day moving average price of $97.94.

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, beating analysts' consensus estimates of $5.79 by $4.59. The business 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 26.08% and a return on equity of 48.72%. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 earnings per share. Sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CALM. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Finally, Stephens reissued an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

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.