Tectonic Advisors LLC Buys 469 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Tectonic Advisors LLC lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,101 shares of the basic materials company’s stock after purchasing an additional 469 shares during the period. Tectonic Advisors LLC’s holdings in Cal-Maine Foods were worth $1,355,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Cal-Maine Foods by 68.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 15,919 shares of the basic materials company’s stock valued at $1,191,000 after acquiring an additional 6,460 shares during the period. International Assets Investment Management LLC bought a new position in shares of Cal-Maine Foods during the third quarter worth about $58,810,000. Krane Funds Advisors LLC bought a new position in shares of Cal-Maine Foods during the third quarter worth about $438,000. Vest Financial LLC grew its stake in Cal-Maine Foods by 5.6% in the third quarter. Vest Financial LLC now owns 20,104 shares of the basic materials company’s stock valued at $1,505,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Cal-Maine Foods by 65.4% in the third quarter. Blue Trust Inc. now owns 5,427 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

CALM has been the subject of a number of analyst reports. The Goldman Sachs Group raised 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. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Stephens started coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective for the company.

Insider Buying and Selling

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now owns 16,754 shares in the company, valued at approximately $1,188,361.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the transaction, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Todd Walters sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the transaction, the chief operating officer now directly owns 5,310 shares in the company, valued at $372,762. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.51% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $90.17 on Friday. Cal-Maine Foods, Inc. has a 52-week low of $44.78 and a 52-week high of $95.06. The business’s fifty day moving average is $77.44 and its 200-day moving average is $67.34. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 15.99 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data 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 firm 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 24.25% and a net margin of 16.09%. The company’s revenue was up 71.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS.

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.