RIDGELAND, Miss.—Letitia Callender Hughes, Principal at Cal-Maine Foods Inch. (NASDAQ: ), a $5.49 billion market cap company whose shares have risen 115.7% over the past year and is trading near a 52-week high of $114.06, recently sold 809 shares of the company’s common stock. The shares were sold at $109.97 each, for a total of $88,965. Following this transaction, Hughes now directly holds 42,761 shares. According to InvestingProthe company maintains an excellent financial health score of 4.08 and trades at an attractive P/E ratio of 8.67.
In a separate transaction on the same day, Hughes acquired 982 time-limited shares at no cost. She will receive these shares on the third anniversary of the grant date, bringing her total ownership to 43,743 shares. InvestingPro subscribers have access to 15 additional investment tips and comprehensive financial indicators for CALM.
In other recent news, Cal-Maine Foods showed strong financial health in its second-quarter fiscal 2025 earnings, beating Stephens and consensus estimates. The company reported adjusted earnings per share (EPS) of $4.48, beating the Stephens’ consensus estimate of $4.25 and $4.05. The company’s adjusted EBITDA also beat expectations, coming in at $325.4 million versus the $282.4 million projected by Stephens and the $303.7 million consensus.
These strong results were driven by a 14.5% year-over-year increase in egg sales and an increase in the average selling price to $2.74 per dozen. Cal-Maine Foods also announced plans to invest approximately $60 million in new capital projects to expand its cage-free egg production capacity, which is expected to add capacity for approximately 1.1 million cage-free laying hens by late summer 2025.
Amid these recent developments, Stephens maintained an Equal Weight rating on Cal-Maine Foods stock and raised his price target to $97 from $88. This decision was influenced by the company’s strong supply-demand balance, increased seasonal demand for eggs and the ongoing impact of highly pathogenic avian influenza (HPAI). Finally, Cal-Maine declared a quarterly dividend of $1.49 per share.
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