The price of Cal-Maine Foods Inc. (NASDAQ:CALM) shares last traded on Wall Street fell -2.48% to $54.69.
CALM stock price is now -2.13% away from the 50-day moving average and -0.50% away from the 200-day moving average. The market capitalization of the company currently stands at $2.40B.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
On May 26, 2021, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $47 to quote $38, while ‘Stephens’ rates the stock as ‘Overweight’.
In other news, HUGHES LETITIA CALLENDER, Director sold 1,180 shares of the company’s stock on Jan 26. The stock was sold for $64,546 at an average price of $54.70. Upon completion of the transaction, the Director now directly owns 42,727 shares in the company, valued at $2.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 19, Director Poole James E sold 5,000 shares of the business’s stock. A total of $297,262 was realized by selling the stock at an average price of $59.45. This leaves the insider owning 10,909 shares of the company worth $0.6 million. Insiders disposed of 9,180 shares of company stock worth roughly $0.5 million over the past 1 year. A total of 10.91% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CALM stock. A new stake in Cal-Maine Foods Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $15,024,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $9,795,000 in shares of CALM during the first quarter. In the first quarter, GREENLAND CAPITAL MANAGEMENT LP acquired a new stake in Cal-Maine Foods Inc. valued at approximately $5,196,000. BEACON HARBOR WEALTH ADVISORS, INC. acquired a new stake in CALM for approximately $4,508,000. ALLIANZ ASSET MANAGEMENT GMBH purchased a new stake in CALM valued at around $4,426,000 in the second quarter. In total, there are 420 active investors with 96.80% ownership of the company’s stock.
A candlestick chart of Cal-Maine Foods Inc. (NASDAQ: CALM) showed a price of $55.74 on Monday morning. During the past 12 months, Cal-Maine Foods Inc. has had a low of $43.08 and a high of $65.32. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.20, and a quick ratio of 2.30. The fifty day moving average price for CALM is $55.88 and a two-hundred day moving average price translates $54.96 for the stock.
The latest earnings results from Cal-Maine Foods Inc. (NASDAQ: CALM) was released for Nov, 2022. According to the Farm Products Company, earnings per share came in at $4.07, missing analysts’ expectations of $4.24 by -0.17. This compares to $0.02 EPS in the same period last year. The net profit margin was 18.70% and return on equity was 40.80% for CALM. The company reported revenue of $801.7 million for the quarter, compared to $381.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 110.02 percent. For the current quarter, analysts expect CALM to generate $849.59M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/09/2023. Investors who held shares on 01/25/2023 were paid a $1.351 dividend. On an annualized basis, this represents a $3.08 dividend and a 5.63% percent yield. There was an ex-dividend date of 01/24/2023 for this dividend. In terms of dividend payout ratio, CALM is presently at 17.70%.
Cal-Maine Foods Inc.(CALM) 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, and brown eggs under the Egg-Land’s Best, Land O’ Lakes, Farmhouse Eggs, and 4-Grain brand names, as well as under private labels. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.
