Cal-Maine Foods Inc (NASDAQ:CALM) was the target of some unusual options trading on Tuesday. Stock traders bought 2,274 put options on the company. This is an increase of approximately 2,269% compared to the average volume of 96 put options.

NASDAQ CALM opened at $47.91 on Thursday. Cal-Maine Foods has a 12-month low of $39.50 and a 12-month high of $52.30. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 16.87 and a beta of 0.43.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, October 1st. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.23). Cal-Maine Foods had a net margin of 9.76% and a return on equity of 18.99%. The business had revenue of $340.60 million for the quarter, compared to analysts’ expectations of $346.76 million. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The business’s quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities research analysts anticipate that Cal-Maine Foods will post 3.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.34 annualized dividend and a yield of 0.71%. Cal-Maine Foods’s payout ratio is 11.97%.

A number of research firms recently commented on CALM. BidaskClub raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. ValuEngine raised Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 6th. Stephens cut Cal-Maine Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 1st. Finally, Zacks Investment Research cut Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $54.50.

In other news, CFO Max P. Bowman bought 2,000 shares of Cal-Maine Foods stock in a transaction that occurred on Thursday, October 11th. The shares were acquired at an average price of $45.51 per share, with a total value of $91,020.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at $91,020. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 33.03% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CALM. NEXT Financial Group Inc purchased a new stake in Cal-Maine Foods during the third quarter valued at about $133,000. First Quadrant L P CA purchased a new stake in Cal-Maine Foods during the third quarter valued at about $161,000. NumerixS Investment Technologies Inc purchased a new stake in Cal-Maine Foods during the second quarter valued at about $190,000. United Services Automobile Association purchased a new stake in Cal-Maine Foods during the second quarter valued at about $208,000. Finally, Amalgamated Bank purchased a new stake in Cal-Maine Foods during the second quarter valued at about $219,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Cal-Maine Foods Sees Unusually High Options Volume (CALM)” was reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/11/21/cal-maine-foods-sees-unusually-high-options-volume-calm.html.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc 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, and 4-Grain brand names, as well as under private labels.

Read More: Ex-Dividend

Receive News & Ratings for Cal-Maine Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cal-Maine Foods and related companies with MarketBeat.com's FREE daily email newsletter.