Cal-Maine Foods (NASDAQ:CALM) Given New $70.00 Price Target at Stephens

Cal-Maine Foods (NASDAQ:CALM) had its target price reduced by investment analysts at Stephens from $80.00 to $70.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Stephens’ price target indicates a potential upside of 2.85% from the company’s current price.

Several other equities analysts also recently commented on CALM. BMO Capital Markets reiterated a “market perform” rating and issued a $75.00 price objective (down from $83.00) on shares of Cal-Maine Foods in a report on Thursday, September 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $70.00 price target on shares of Cal-Maine Foods in a research note on Friday, September 18th. Wall Street Zen downgraded shares of Cal-Maine Foods from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 26th. Weiss Ratings downgraded Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company set a $100.00 price target on Cal-Maine Foods in a research note on Monday, July 13th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Cal-Maine Foods currently has a consensus rating of “Hold” and an average price target of $87.43.

Cal-Maine Foods Stock Down 0.7%

Shares of NASDAQ CALM opened at $68.06 on Thursday. The business’s 50 day moving average price is $79.43 and its two-hundred day moving average price is $79.31. The company has a market cap of $3.19 billion, a PE ratio of 10.39 and a beta of 0.23. Cal-Maine Foods has a twelve month low of $63.50 and a twelve month high of $95.57.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Wednesday, September 30th. The basic materials company reported ($1.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.49). Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The business had revenue of $539.61 million during the quarter, compared to analyst estimates of $561.57 million. During the same period in the previous year, the business earned $4.12 earnings per share. The business’s quarterly revenue was down 41.5% on a year-over-year basis.

Hedge Funds Weigh In On Cal-Maine Foods

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its position in Cal-Maine Foods by 4.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,429 shares of the basic materials company’s stock valued at $598,000 after acquiring an additional 317 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Cal-Maine Foods during the second quarter worth $580,000. NewEdge Advisors LLC increased its holdings in shares of Cal-Maine Foods by 10.2% during the second quarter. NewEdge Advisors LLC now owns 4,518 shares of the basic materials company’s stock worth $364,000 after buying an additional 418 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Cal-Maine Foods by 3.8% in the 2nd quarter. Baird Financial Group Inc. now owns 187,732 shares of the basic materials company’s stock valued at $15,124,000 after acquiring an additional 6,923 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in shares of Cal-Maine Foods in the 2nd quarter valued at $277,000. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods News Summary

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

• Positive Sentiment: Management and analysts pointed to potential improvement from industry supply rationalization. A reduction in laying-hen inventories and tighter supply could support conventional egg prices and margins in future quarters. Cal-Maine Foods Q1: A Weak Quarter, But Supply Rationalization Offers Hope
• Neutral Sentiment: Cal-Maine selected Speria–MTech Systems’ Amino platform to improve financial reporting and operational visibility. The initiative may enhance efficiency and decision-making, but its near-term financial impact is unlikely to offset weak egg pricing. Speria–MTech Systems Announces Partnership with Cal-Maine
• Negative Sentiment: Fiscal Q1 2027 revenue fell 41.5% year over year to $539.6 million, below the $561.6 million consensus estimate. The company swung to a $58.6 million net loss, or $1.26 per share, versus $199.3 million of profit and $4.12 EPS a year earlier; EPS also missed the $0.77-loss consensus. Cal-Maine Foods Reports First Quarter Fiscal 2027 Results
• Negative Sentiment: Reports attributed the deterioration to a roughly 59% decline in egg prices, particularly conventional eggs, along with higher costs and excess industry supply. The results raised concerns that weak pricing could persist, prompting at least one analyst to downgrade CALM to Hold. Cal-Maine Foods Stock Cracks Under Egg-Industry Pressure

About Cal-Maine Foods

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.