In addition to the sale, Young also acquired 982 shares of restricted stock as part of a grant. These shares were awarded at no cost and are set to vest on the third anniversary of the grant date. Following this acquisition, Young's total share count increased to 8,621 shares. The company, currently valued at $5.49 billion, trades at an attractive P/E ratio of 8.67 and offers a substantial 5.3% dividend yield. InvestingPro subscribers can access detailed financial health metrics and comprehensive insider trading analysis to make more informed investment decisions. The company, currently valued at $5.49 billion, trades at an attractive P/E ratio of 8.67 and offers a substantial 5.3% dividend yield. InvestingPro subscribers can access detailed financial health metrics and comprehensive insider trading analysis to make more informed investment decisions.
In addition to the sale, Young also acquired 982 shares of restricted stock as part of a grant. These shares were awarded at no cost and are set to vest on the third anniversary of the grant date. Following this acquisition, Young's total share count increased to 8,621 shares.
In other recent news, Cal-Maine Foods (NASDAQ:CALM) exceeded both Stephens' and consensus estimates with its second quarter earnings for fiscal year 2025. The company reported an adjusted earnings per share (EPS) of $4.48 and an adjusted EBITDA of $325.4 million, with increased sales and reduced selling, general and administrative expenses contributing to the impressive results. Stephens analysis revealed that the strong financial health metrics support the company's current valuation of $5.1 billion.
Cal-Maine Foods also posted robust fiscal second quarter results, with earnings per share of $4.47 and revenue reaching $954.7 million. The sale of 329.8 million dozen eggs, a 14.5% increase year-over-year, and an average selling price per dozen rising to $2.74 from $1.73 in the previous year's quarter drove these results.
Recent developments include Cal-Maine's plan to invest approximately $60 million in new capital projects to expand cage-free egg production capacity, expected to add capacity for about 1.1 million cage-free layer hens by late summer 2025. Furthermore, the company declared a quarterly dividend of $1.49 per share. Analysts at Stephens maintain an Equal Weight rating on Cal-Maine shares and have raised the price target from $88 to $97 in light of these developments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.