Cal-Maine Foods, Inc. (NASDAQ: CALM) is 9.43% higher on its value in year-to-date trading and has touched a low of $42.25 and a high of $63.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CALM stock was last observed hovering at around $61.04 in the last trading session, with the day’s gains setting it 1.76%.
Currently trading at $62.80, the stock is 5.60% and 8.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing 2.88% at the moment leaves the stock 23.83% off its SMA200. CALM registered 2.93% gain for a year compared to 6-month gain of 32.21%. The firm has a 50-day simple moving average (SMA 50) of $1.22 and a 200-day simple moving average (SMA200) of $6.78.
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The stock witnessed a 10.47% loss in the last 1 month and extending the period to 3 months gives it a 14.47%, and is 7.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.00% over the week and 2.61% over the month.
Cal-Maine Foods, Inc. (CALM) has around 2976 employees, a market worth around $3.08B and $2.37B in sales. Current P/E ratio is 11.14 and Fwd P/E is 25.67. Profit margin for the company is 11.61%. Distance from 52-week low is 48.64% and -0.54% from its 52-week high. The company has generated returns on investments over the last 12 months (15.99%).
Cal-Maine Foods, Inc. quarterly earnings per share for the current quarter are estimated at $1.6 with sales reaching $604.86M over the same period.The EPS is expected to shrink by -64.93% this year, but quarterly earnings will post -27.20% year-over-year. Quarterly sales are estimated to shrink -12.20% in year-over-year returns.
430 institutions hold shares in Cal-Maine Foods, Inc. (CALM), with institutional investors hold 107.82% of the company’s shares. The shares outstanding are 44.18M, and float is at 40.46M with Short Float at 9.34%. Institutions hold 95.93% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.49 million shares valued at $292.03 million. The investor’s holdings represent 14.69% of the CALM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.57 million shares valued at $250.79 million to account for 12.61% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.1 million shares representing 4.75% and valued at over $94.35 million, while Renaissance Technologies, LLC holds 3.75% of the shares totaling 1.66 million with a market value of $74.5 million.
Cal-Maine Foods, Inc. (CALM) Insider Activity
The most recent transaction is an insider sale by HARDIN CHARLES JEFF, the company’s Executive Vice President Sales. SEC filings show that HARDIN CHARLES JEFF sold 750 shares of the company’s common stock on Feb 20 ’24 at a price of $56.51 per share for a total of $42382.0. Following the sale, the insider now owns 3999.0 shares.
Cal-Maine Foods, Inc. disclosed in a document filed with the SEC on Feb 14 ’24 that Poole James E (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $55.91 per share for $0.17 million. Following the transaction, the insider now directly holds 11670.0 shares of the CALM stock.
Still, SEC filings show that on Feb 02 ’24, HARDIN CHARLES JEFF (Executive Vice President Sales) disposed off 4,458 shares at an average price of $56.56 for $0.25 million. The insider now directly holds 17,830 shares of Cal-Maine Foods, Inc. (CALM).
