NBC Securities Inc. Has $127,000 Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

NBC Securities Inc. lifted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 139,900.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,400 shares of the basic materials company’s stock after buying an additional 1,399 shares during the period. NBC Securities Inc.’s holdings in Cal-Maine Foods were worth $127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Cal-Maine Foods in the first quarter worth $77,000. Smartleaf Asset Management LLC raised its holdings in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Cal-Maine Foods during the fourth quarter valued at $134,000. Mascagni Wealth Management Inc. acquired a new stake in Cal-Maine Foods during the fourth quarter valued at $144,000. Finally, Colonial River Investments LLC acquired a new stake in Cal-Maine Foods during the fourth quarter valued at $203,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CALM shares. Stephens reissued an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. BMO Capital Markets raised Cal-Maine Foods to a “hold” rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 1st.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $97.55 on Tuesday. The business’s 50-day simple moving average is $94.49 and its 200-day simple moving average is $97.86. The firm has a market capitalization of $4.78 billion, a PE ratio of 7.59 and a beta of 0.17. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm’s revenue for the quarter was up 101.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.00 earnings per share. Research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Activity at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares of the company’s stock, valued at $119,504,480.40. The trade was a 9.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods 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.