Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Regal Investment Advisors LLC

Regal Investment Advisors LLC grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,404 shares of the basic materials company’s stock after purchasing an additional 203 shares during the quarter. Regal Investment Advisors LLC’s holdings in Cal-Maine Foods were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP lifted its holdings in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares during the period. Creative Planning lifted its stake in shares of Cal-Maine Foods by 33.9% in the 2nd quarter. Creative Planning now owns 7,608 shares of the basic materials company’s stock worth $465,000 after acquiring an additional 1,926 shares during the period. Magnolia Capital Advisors LLC bought a new position in shares of Cal-Maine Foods in the second quarter valued at approximately $638,000. Algert Global LLC acquired a new position in shares of Cal-Maine Foods during the second quarter valued at approximately $2,140,000. Finally, Squarepoint Ops LLC bought a new stake in Cal-Maine Foods during the second quarter worth approximately $940,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price target on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research note on Wednesday, July 17th.

Cal-Maine Foods Trading Down 1.9 %

Shares of NASDAQ CALM opened at $75.41 on Thursday. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $77.11. The firm has a 50-day moving average of $71.38 and a two-hundred day moving average of $64.14. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 13.37 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The business had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a return on equity of 16.46% and a net margin of 11.94%. The company’s quarterly revenue was up 71.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share.

Cal-Maine Foods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s payout ratio is 54.61%.

Insider Transactions at Cal-Maine Foods

In related news, Director James E. Poole sold 1,500 shares of Cal-Maine Foods stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $70.65, for a total value of $105,975.00. Following the transaction, the director now owns 10,170 shares of the company’s stock, valued at approximately $718,510.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total transaction of $210,600.00. Following the sale, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at approximately $372,762. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Poole sold 1,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $70.65, for a total value of $105,975.00. Following the completion of the sale, the director now directly owns 10,170 shares of the company’s stock, valued at approximately $718,510.50. The disclosure for this sale can be found here. Insiders have sold 6,000 shares of company stock valued at $422,970 over the last three months. Company insiders own 13.51% 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.