NASDAQ:CALM

Cal-Maine Foods (CALM) Stock Price, News & Analysis

$58.18
-0.11 (-0.19%)
(As of 05/17/2024 ET)
Today's Range
$57.76
$58.81
50-Day Range
$55.25
$62.92
52-Week Range
$42.25
$64.76
Volume
409,559 shs
Average Volume
638,452 shs
Market Capitalization
$2.85 billion
P/E Ratio
10.32
Dividend Yield
6.86%
Price Target
$52.50

Cal-Maine Foods MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.8% Downside
$52.50 Price Target
Short Interest
Healthy
6.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.37
Upright™ Environmental Score
News Sentiment
1.00mentions of Cal-Maine Foods in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$42,382 Sold Last Quarter
Proj. Earnings Growth
-46.44%
From $4.63 to $2.48 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.64 out of 5 stars

Basic Materials Sector

60th out of 173 stocks

Agricultural Production - Livestock & Animal Specialties Industry

1st out of 1 stocks

CALM stock logo

About Cal-Maine Foods Stock (NASDAQ:CALM)

Cal-Maine Foods, Inc. is a prominent American company specializing in producing, grading, packing, marketing, and distributing fresh shell eggs. Founded in 1969 by Fred R. Adams Jr., the company has established itself as a leader in the egg industry. Cal-Maine Foods is headquartered in Jackson, Mississippi. It operates farms, processing plants, hatcheries, feed mills, warehouses, and offices to support its operations.

With a clear mission to provide high-quality fresh shell eggs to customers, Cal-Maine Foods serves various market segments, including national and regional grocery store chains, club stores, food service distributors, and egg product manufacturers. The company's products primarily cater to consumers in the mid-Atlantic, midwestern, southeastern, and southwestern states, collectively accounting for approximately a quarter of the US egg consumption.

Cal-Maine Foods takes pride in its commitment to quality, sustainability, and meeting the diverse needs of its customers. While focusing on producing fresh shell eggs, the company constantly strives to adapt and innovate to stay competitive. Cal-Maine Foods has earned a reputation as a trusted supplier by remaining true to its mission and consistently delivering quality products.

Sherman L. Miller serves as the President, Chief Executive Officer, and Director of Cal-Maine Foods. With his extensive experience in the industry, Miller brings a wealth of knowledge to his role. As Chief Operating Officer, Todd Walters plays a crucial role in overseeing the day-to-day operations, ensuring efficiency and smooth functioning across the company. 

Cal-Maine Foods has consistently demonstrated strong financial performance over the years, reflecting its position as a leading player in the industry. The company's revenue has held steady over the past few years, showing its ability to meet customer demands and capitalize on market opportunities. The earnings and profit margins have also remained robust, highlighting the company's efficient operations and ability to generate healthy returns.

The fresh egg industry is a crucial part of the broader agricultural sector, with significant consumer demand. Eggs are a staple food item for many households, consumed in various forms such as scrambled, boiled, or used as ingredients in baking and cooking. As a result, companies like Cal-Maine Foods operate in a dynamic industry with its own set of trends, competitors, and regulatory considerations.

There has been a growing emphasis on sustainable and ethical practices within the egg industry. Consumers are increasingly concerned about the welfare of laying hens and the environmental impact of egg production. Cal-Maine Foods has recognized this trend and has made efforts to adhere to industry standards and regulations, ensuring that its operations align with responsible and sustainable practices.

Competition within the fresh egg industry is significant, with several players vying for market share. However, Cal-Maine Foods has established itself as a leader in the industry, leveraging its strong brand reputation, extensive distribution network, and commitment to quality to maintain a competitive edge. The company's ability to consistently deliver fresh and high-quality eggs has secured key customers such as national and regional grocery store chains, club stores, and food service distributors.

Despite the opportunities present in the industry, Cal-Maine Foods also faces challenges and risks that need to be carefully managed. One of the key challenges is the ever-evolving consumer preferences and dietary trends. As consumer demands change, the company must adapt and innovate to meet these shifting needs. This includes exploring opportunities for product diversification, such as offering specialty eggs or organic options to cater to niche markets.

Additionally, regulatory changes can significantly impact the fresh egg industry. Cal-Maine Foods must stay abreast of any new regulations related to food safety, animal welfare, and environmental sustainability to ensure compliance and maintain its reputation as a responsible and trustworthy supplier.

To mitigate these risks, Cal-Maine Foods employs robust risk management strategies. The company invests in research and development to stay ahead of industry trends and consumer preferences. By continuously improving its operations and exploring new technologies, Cal-Maine Foods can enhance efficiency and maintain a competitive advantage by continuously improving its operations and exploring new technologies.

CALM Stock Price History

CALM Stock News Headlines

Why Cal-Maine Foods Stock Popped Today
Cal-Maine Foods Inc Reveals Fall In Q3 Profit, but beats estimates
Recap: Cal-Maine Foods Q3 Earnings
See More Headlines
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Company Calendar

Last Earnings
4/02/2024
Ex-Dividend for 5/16 Dividend
4/30/2024
Dividend Payable
5/16/2024
Today
5/17/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/23/2024

Industry, Sector and Symbol

Industry
Agricultural production - livestock & animal specialties
Sub-Industry
Packaged Foods & Meats
Current Symbol
NASDAQ:CALM
CUSIP
12803020
Employees
2,976
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$52.50
High Stock Price Target
$65.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$758.02 million
Pretax Margin
14.91%

Debt

Sales & Book Value

Annual Sales
$3.15 billion
Cash Flow
$16.96 per share
Book Value
$32.86 per share

Miscellaneous

Free Float
42,413,000
Market Cap
$2.85 billion
Optionable
Optionable
Beta
-0.02

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Key Executives

  • Mr. Adolphus B. Baker (Age 67)
    Executive Chairman
    Comp: $882.55k
  • Mr. Sherman L. Miller (Age 49)
    CEO, President & Director
    Comp: $984.14k
  • Mr. Max P. Bowman (Age 63)
    VP, CFO, Treasurer, Secretary & Director
    Comp: $812.65k
  • Mr. Michael T. Walters (Age 53)
    VP & COO
    Comp: $534.61k
  • Mr. Robert L. Holladay Jr. (Age 48)
    VP & General Counsel
    Comp: $710.06k
  • Mr. Charles Jeff HardinMr. Charles Jeff Hardin (Age 65)
    Executive Officer
    Comp: $666.89k
  • Mr. Matthew S. Glover
    Vice President of Accounting
  • Mr. Scott Hull
    Senior Vice President of Sales

CALM Stock Analysis - Frequently Asked Questions

Should I buy or sell Cal-Maine Foods stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cal-Maine Foods in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CALM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CALM, but not buy additional shares or sell existing shares.
View CALM analyst ratings
or view top-rated stocks.

What is Cal-Maine Foods' stock price target for 2024?

1 Wall Street analysts have issued twelve-month price targets for Cal-Maine Foods' stock. Their CALM share price targets range from $40.00 to $65.00. On average, they anticipate the company's share price to reach $52.50 in the next twelve months. This suggests that the stock has a possible downside of 9.8%.
View analysts price targets for CALM
or view top-rated stocks among Wall Street analysts.

How have CALM shares performed in 2024?

Cal-Maine Foods' stock was trading at $57.39 at the beginning of the year. Since then, CALM shares have increased by 1.4% and is now trading at $58.18.
View the best growth stocks for 2024 here
.

When is Cal-Maine Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our CALM earnings forecast
.

How were Cal-Maine Foods' earnings last quarter?

Cal-Maine Foods, Inc. (NASDAQ:CALM) issued its earnings results on Tuesday, April, 2nd. The basic materials company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.45 by $0.55. The basic materials company had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a trailing twelve-month return on equity of 16.79%. The company's quarterly revenue was down 29.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.62 EPS.

How often does Cal-Maine Foods pay dividends? What is the dividend yield for Cal-Maine Foods?

Cal-Maine Foods announced a quarterly dividend on Tuesday, October 31st. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.006 per share on Thursday, November 16th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Tuesday, October 31st.
Read our dividend analysis for CALM
.

Is Cal-Maine Foods a good dividend stock?

Cal-Maine Foods (NASDAQ:CALM) pays an annual dividend of $3.99 per share and currently has a dividend yield of 6.90%. CALM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CALM will have a dividend payout ratio of 160.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CALM.

When did Cal-Maine Foods' stock split?

Cal-Maine Foods shares split on the morning of Monday, November 3rd 2014. The 2-1 split was announced on Friday, October 3rd 2014. The newly created shares were issued to shareholders after the market closes on Friday, October 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Adolphus B. Baker's approval rating as Cal-Maine Foods' CEO?

10 employees have rated Cal-Maine Foods Chief Executive Officer Adolphus B. Baker on Glassdoor.com. Adolphus B. Baker has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Cal-Maine Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cal-Maine Foods investors own include Cisco Systems (CSCO), Micron Technology (MU), AT&T (T), Aerojet Rocketdyne (AJRD), Walt Disney (DIS), General Electric (GE), Kroger (KR), NVIDIA (NVDA), Alibaba Group (BABA) and Gilead Sciences (GILD).

Who are Cal-Maine Foods' major shareholders?

Cal-Maine Foods' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.78%), Nuance Investments LLC (2.82%), Wasatch Advisors LP (1.57%), William Blair Investment Management LLC (1.37%), Heartland Advisors Inc. (0.54%) and Principal Financial Group Inc. (0.47%). Insiders that own company stock include Charles Jeff Hardin, James E Poole and Letitia Callender Hughes.
View institutional ownership trends
.

How do I buy shares of Cal-Maine Foods?

Shares of CALM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CALM) was last updated on 5/17/2024 by MarketBeat.com Staff

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