Cal-Maine Foods, Inc. (NASDAQ:CALM) Receives Consensus Rating of “Hold” from Analysts

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) have been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $86.00.

Several research firms have recently commented on CALM. BMO Capital Markets reiterated a “market perform” rating and set a $75.00 price target (down from $83.00) on shares of Cal-Maine Foods in a report on Thursday, September 24th. Wall Street Zen downgraded shares of Cal-Maine Foods from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 26th. Stephens decreased their target price on shares of Cal-Maine Foods from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday. Weiss Ratings cut shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company set a $100.00 price target on shares of Cal-Maine Foods in a report on Monday, July 13th.

Institutional Investors Weigh In On Cal-Maine Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CALM. Dimensional Fund Advisors LP boosted its stake in Cal-Maine Foods by 13.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock worth $199,416,000 after buying an additional 300,910 shares during the period. First Trust Advisors LP increased its stake in shares of Cal-Maine Foods by 29.7% during the first quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock worth $122,864,000 after buying an additional 355,762 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at $57,894,000. Bank of America Corp DE grew its stake in shares of Cal-Maine Foods by 21.9% during the first quarter. Bank of America Corp DE now owns 505,359 shares of the basic materials company’s stock worth $39,999,000 after purchasing an additional 90,779 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Cal-Maine Foods during the fourth quarter worth $28,864,000. Institutional investors and hedge funds 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:

• Positive Sentiment: Stephens lowered its price target from $80 to $70 but maintained an “equal weight” rating. The revised target remains approximately 6.3% above the recent share price, suggesting limited potential upside if earnings conditions stabilize. Benzinga article
• Positive Sentiment: Analyst commentary identified industry supply rationalization as a potential path to recovery. Reduced supply could eventually support conventional egg prices and improve margins, although the timing remains uncertain. Seeking Alpha analysis
• Neutral Sentiment: One Seeking Alpha analyst downgraded Cal-Maine Foods to “hold,” reflecting a more cautious outlook after the quarter but not a strongly bearish recommendation. Seeking Alpha downgrade
• Negative Sentiment: Fiscal first-quarter revenue fell 41.5% year over year to $539.6 million, below the $561.6 million analyst consensus. Cal-Maine posted a $58.6 million net loss, or $1.26 per share, versus earnings of $4.12 per share a year earlier and consensus for a $0.77-per-share loss. Cal-Maine Foods earnings release
• Negative Sentiment: Significantly lower egg prices—reported in coverage as falling roughly 59%—combined with oversupply and higher costs to compress margins. The earnings miss and weak pricing environment are the primary drivers of the stock’s recent decline. Barron’s earnings coverage

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $65.84 on Friday. Cal-Maine Foods has a 12 month low of $63.50 and a 12 month high of $95.57. The business has a 50 day simple moving average of $78.98 and a two-hundred day simple moving average of $79.16. The stock has a market capitalization of $3.09 billion, a P/E ratio of 56.27 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Wednesday, September 30th. The basic materials company reported ($1.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.49). Cal-Maine Foods had a net margin of 2.32% and a return on equity of 2.21%. The business had revenue of $539.61 million during the quarter, compared to analyst estimates of $561.57 million. During the same quarter last year, the company earned $4.12 earnings per share. Cal-Maine Foods’s quarterly revenue was down 41.5% on a year-over-year basis.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc is a major producer and distributor of shell eggs in the United States. The company supplies eggs to grocery retailers, foodservice operators, food distributors and institutional customers under both its own brands and private-label programs.

Its product portfolio includes conventional eggs as well as specialty products such as cage-free, organic, free-range, brown, pasture-raised and nutritionally enhanced eggs. Cal-Maine also markets hard-boiled eggs and other value-added egg products, and sells eggs through a network of production, processing, packaging and distribution facilities.

Founded in 1969 and headquartered in Jackson, Mississippi, Cal-Maine serves customers throughout the United States and has expanded through acquisitions and investments in production capacity.