Eldred Rock Partners LLC Sells 14,897 Shares of Cal-Maine Foods, Inc. $CALM

Key Points

• Eldred Rock Partners cut its stake in Cal‑Maine Foods by 11.1%, selling 14,897 shares and now holds 119,344 shares (about 0.25% of the company) worth roughly $9.5 million, its 25th largest position.
• Cal‑Maine beat Q3 EPS estimates ($1.06 vs. $0.89) and is deepening its shift into specialty eggs and prepared foods to stabilize margins, but revenue plunged about 53% YoY as conventional egg prices collapsed, creating near‑term top‑line pressure.
• Institutional ownership is high (84.67%) with several funds adding positions, while analysts are mixed—consensus rating is "Hold" with a $93 target; the stock trades near $78, with a P/E of 5.44 and a ~3.7% yield.

Eldred Rock Partners LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,344 shares of the basic materials company's stock after selling 14,897 shares during the quarter. Cal-Maine Foods accounts for approximately 2.5% of Eldred Rock Partners LLC's holdings, making the stock its 25th largest position. Eldred Rock Partners LLC owned approximately 0.25% of Cal-Maine Foods worth $9,496,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new position in shares of Cal-Maine Foods in the third quarter worth $38,063,000. Squarepoint Ops LLC boosted its position in shares of Cal-Maine Foods by 60.1% during the second quarter. Squarepoint Ops LLC now owns 934,037 shares of the basic materials company's stock valued at $93,058,000 after buying an additional 350,771 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Cal-Maine Foods by 1,085.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 259,445 shares of the basic materials company's stock worth $24,414,000 after buying an additional 237,566 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Cal-Maine Foods by 165.6% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 291,434 shares of the basic materials company's stock worth $29,036,000 after buying an additional 181,715 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Cal-Maine Foods by 66.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 435,376 shares of the basic materials company's stock worth $43,377,000 after buying an additional 174,576 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods News Roundup

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

• Positive Sentiment: Q3 EPS beat expectations and margins stayed strong, showing the company can protect profitability even as volumes/prices swing. Cal‑Maine Foods Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Management highlighted deeper integration of specialty eggs and prepared‑foods, which diversify revenue and are helping stabilize margins versus volatile commodity white‑egg pricing. Cal Maine Foods Deepens Integration As Specialty Eggs Reshape Earnings Profile
• Positive Sentiment: Board strengthening with a new independent director signals a focus on governance and capital‑allocation discipline, which can support long‑term investor confidence. Cal‑Maine Foods Welcomes Dudley D. Wooley to Board of Directors
• Neutral Sentiment: Full earnings call transcript and slide deck are available for detail (useful for investors wanting management’s guidance/comments on pricing and segment trends). Cal‑Maine (CALM) Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Wall Street reaction is mixed across food peers; analysts see Cal‑Maine as a relative bright spot but remain cautious on the sector’s pricing dynamics. What Wall Street Expects From These 3 Food Giants After Mixed Earnings
• Negative Sentiment: Revenue plunged ~53% YoY as conventional egg prices collapsed, a top‑line hit that limits upside despite the EPS beat and raises near‑term earnings uncertainty. Cal‑Maine Foods Sales Sink on Lower Egg Prices
• Negative Sentiment: Retail egg prices tumbled (~70% in some measures), pressuring volumes and margins for conventional products — the short‑term commodity shock likely explains intraday volatility and the stock pullback. Just in time for Easter: Egg prices tumbled 70%, and here's how people responded

Analyst Ratings Changes

A number of brokerages have recently issued reports on CALM. BMO Capital Markets dropped their price target on shares of Cal-Maine Foods from $85.00 to $80.00 and set a "market perform" rating on the stock in a report on Wednesday, March 25th. Benchmark reissued a "buy" rating on shares of Cal-Maine Foods in a report on Tuesday, March 3rd. Stephens increased their price objective on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cal-Maine Foods in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.00.

Cal-Maine Foods Stock Performance

CALM stock opened at $78.10 on Friday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 5.44 and a beta of 0.32. The business's 50-day moving average is $83.58 and its two-hundred day moving average is $86.10. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The business had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. During the same period in the previous year, the company posted $10.39 EPS. The business's quarterly revenue was down 53.0% compared to the same quarter last year. Equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, January 28th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, January 28th. Cal-Maine Foods's payout ratio is 12.21%.

Cal-Maine Foods 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.

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