Cal-Maine Foods (NASDAQ:CALM) Given New $83.00 Price Target at BMO Capital Markets

Cal-Maine Foods (NASDAQ:CALM) had its price objective upped by research analysts at BMO Capital Markets from $75.00 to $83.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would suggest a potential downside of 3.58% from the company’s previous close.

A number of other equities analysts also recently issued reports on CALM. Royal Bank Of Canada set a $100.00 price target on Cal-Maine Foods in a research report on Tuesday, May 26th. Stephens cut their price objective on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Wells Fargo & Company set a $100.00 target price on Cal-Maine Foods in a research note on Monday, July 13th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, July 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cal-Maine Foods in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Trading Down 2.0%

CALM traded down $1.78 on Thursday, reaching $86.08. The stock had a trading volume of 432,292 shares, compared to its average volume of 1,007,290. The business’s 50-day moving average price is $80.10 and its two-hundred day moving average price is $80.36. The company has a market cap of $4.08 billion, a P/E ratio of 6.00 and a beta of 0.25. Cal-Maine Foods has a 12-month low of $71.92 and a 12-month high of $119.17.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.84). Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The firm had revenue of $552.58 million for the quarter, compared to analysts’ expectations of $563.83 million. During the same period in the previous year, the company earned $7.04 earnings per share. The company’s revenue was down 49.9% compared to the same quarter last year.

Hedge Funds Weigh In On Cal-Maine Foods

Several hedge funds and other institutional investors have recently made changes to their positions in CALM. Allspring Global Investments Holdings LLC purchased a new position in shares of Cal-Maine Foods during the 4th quarter worth $6,244,000. Assetmark Inc. lifted its position in Cal-Maine Foods by 36.6% in the fourth quarter. Assetmark Inc. now owns 118,773 shares of the basic materials company’s stock valued at $9,451,000 after buying an additional 31,826 shares during the last quarter. UBS Group AG boosted its stake in Cal-Maine Foods by 17.3% during the fourth quarter. UBS Group AG now owns 405,459 shares of the basic materials company’s stock worth $32,262,000 after buying an additional 59,659 shares during the period. Directional Asset Management purchased a new position in Cal-Maine Foods during the fourth quarter worth about $1,094,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Cal-Maine Foods by 46.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 38,853 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 12,248 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Key Stories Impacting Cal-Maine Foods

Here are the key news stories impacting Cal-Maine Foods this week:

• Negative Sentiment: Cal-Maine Foods reported a surprise Q4 loss and missed revenue estimates, highlighting significant pressure from weak egg pricing. Cal-Maine Foods Reports Fourth Quarter and Fiscal 2026 Results
• Negative Sentiment: Media coverage emphasized that “historically low” egg prices were the driver behind the revenue decline and swing to a loss, reinforcing concern that near-term fundamentals remain weak. Cal-Maine Sales Sink Amid Historically Low Egg Prices
• Negative Sentiment: Commentary noted that shares fell after the earnings disappointment, with the market reacting to the sharp drop in earnings and sales versus last year. Why Cal-Maine Foods Stock Just Cracked
• Neutral Sentiment: Investors are also debating whether CALM is fairly valued after the earnings reset, suggesting valuation may support the stock if egg prices recover. Is Cal Maine Foods (CALM) Fairly Valued On Full Year Earnings?
• Neutral Sentiment: There was also unusual options activity in CALM, which may indicate traders expect elevated volatility after the earnings report. Cal-Maine Foods Target of Unusually Large Options Trading (NASDAQ:CALM)

Cal-Maine Foods 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, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. 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.