Cal-Maine Foods, Inc (NASDAQ: CALM) is 1.76% higher on its value in year-to-date trading and has touched a low of $53.38 and a high of $114.06 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 $103.68 in the last trading session, with the day’s gains setting it 1.05%.
Currently trading at $104.73, the stock is 0.15% and 6.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 1.01% at the moment leaves the stock 39.93% off its SMA200. CALM registered 89.59% gain for a year compared to 6-month gain of 66.21%. The firm has a 50-day simple moving average (SMA 50) of $97.8936 and a 200-day simple moving average (SMA200) of $74.8443.
The stock witnessed a 5.55% loss in the last 1 month and extending the period to 3 months gives it a 19.83%, and is 1.76% 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 4.27% over the week and 3.39% over the month.
Cal-Maine Foods, Inc (CALM) has around 3067 employees, a market worth around $5.11B and $3.08B in sales. Current P/E ratio is 8.15 and Fwd P/E is 26.15. Profit margin for the company is 20.39%. Distance from 52-week low is 96.19% and -8.18% from its 52-week high. The company has generated returns on investments over the last 12 months (30.75%).
The EPS is expected to grow by 133.51% this year
475.0 institutions hold shares in Cal-Maine Foods, Inc (CALM), with institutional investors hold 97.98% of the company’s shares. The shares outstanding are 44.23M, and float is at 40.54M with Short Float at 8.14%. Institutions hold 90.13% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.75 million shares valued at $412.77 million. The investor’s holdings represent 13.8622 of the CALM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.71 million shares valued at $287.61 million to account for 9.6587 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.62 million shares representing 5.3687 and valued at over $159.86 million, while RENAISSANCE TECHNOLOGIES LLC holds 4.3418 of the shares totaling 2.12 million with a market value of $129.29 million.
Cal-Maine Foods, Inc (CALM) Insider Activity
The most recent transaction is an insider sale by Holladay Robert L Jr, the company’s VP – General Counsel. SEC filings show that Holladay Robert L Jr sold 1,500 shares of the company’s common stock on Aug 20 ’24 at a price of $70.93 per share for a total of $0.11 million. Following the sale, the insider now owns 16754.0 shares.
Cal-Maine Foods, Inc disclosed in a document filed with the SEC on Jul 31 ’24 that Walters Michael Todd (COO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $70.20 per share for $0.21 million. Following the transaction, the insider now directly holds 5310.0 shares of the CALM stock.
Still, SEC filings show that on Jul 26 ’24, Poole James E (Director) disposed off 1,500 shares at an average price of $70.65 for $0.11 million. The insider now directly holds 10,170 shares of Cal-Maine Foods, Inc (CALM).
