Cal-Maine Foods Inc. (NASDAQ: CALM) stock fell -0.64% on Thursday to $46.33 against a previous-day closing price of $46.63. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.77 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $47.32 whereas the lowest price it dropped to was $46.29. The 52-week range on CALM shows that it touched its highest point at $65.32 and its lowest point at $43.29 during that stretch. It currently has a 1-year price target of $50.50. With its current market cap of 2.24 billion, CALM has annualized dividend of $5.16 while the current yield stands at 11.13%. Beta for the stock currently stands at -0.09.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CALM was down-trending over the past week, with a drop of -5.26%, but this was down by -0.52% over a month. Three-month performance dropped to -6.37% while six-month performance fell -15.44%. The stock lost -18.46% in the past year, while it has lost -14.91% so far this year. A look at the trailing 12-month EPS for CALM yields 15.52 with Next year EPS estimates of 1.60. For the next quarter, that number is 0.18. This implies an EPS growth rate of 470.30% for this year and 23.94% for next year.
Float and Shares Shorts:
At present, 48.69 million CALM shares are outstanding with a float of 39.44 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.1 million, which was 10.42% higher than short shares on Jul 30, 2023. In addition to Mr. Adolphus B. Baker as the firm’s Exec. Chairman, Mr. Sherman L. Miller serves as its CEO, Pres & Director.
Through their ownership of 98.50% of CALM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.38% of CALM, in contrast to 41.26% held by mutual funds. Shares owned by individuals account for 40.02%. As the largest shareholder in CALM with 12.83% of the stake, BlackRock Fund Advisors holds 5,668,837 shares worth 5,668,837. A second-largest stockholder of CALM, The Vanguard Group, Inc., holds 5,455,616 shares, controlling over 12.35% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in CALM, holding 2,096,556 shares or 4.75% stake. With a 6.09% stake in CALM, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,691,793 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.64% of CALM stock, is the second-largest Mutual Fund holder. It holds 1,165,293 shares valued at 53.82 million. Pacer Fds. Tr. – US Small Cap Cas holds 2.55% of the stake in CALM, owning 1,128,223 shares worth 52.11 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CALM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CALM analysts setting a high price target of $54.00 and a low target of $40.00, the average target price over the next 12 months is $47.00. Based on these targets, CALM could surge 16.56% to reach the target high and fall by -13.66% to reach the target low. Reaching the average price target will result in a growth of 1.45% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, CALM has a current ratio of $5.16, which is $5.16 over the trailing 12-months, while a dividend of $1.1 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CALM currently yields $11.14. In the past year, CALM’s dividend yield has been $11.14, but when looking at the stock over the past five years, its yield has been $2.28. Accordingly, CALM has a current buyback yield of $0.07. This was $0.07 for the TTM, and it was $0.05 for the past five years.
Summary of Insider Activity:
Insiders traded CALM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 7,592 while 6,180 shares were sold.