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NASDAQ:CALM

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

Cal-Maine Foods logo
$94.78 -0.36 (-0.38%)
(As of 11/20/2024 ET)

About Cal-Maine Foods Stock (NASDAQ:CALM)

Key Stats

Today's Range
$94.20
$95.63
50-Day Range
$69.35
$95.14
52-Week Range
$45.07
$96.02
Volume
379,984 shs
Average Volume
600,621 shs
Market Capitalization
$4.65 billion
P/E Ratio
10.86
Dividend Yield
4.29%
Price Target
$67.00
Consensus Rating
Reduce

Company Overview

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.

Cal-Maine Foods Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
62nd Percentile Overall Score

CALM MarketRank™: 

Cal-Maine Foods scored higher than 62% of companies evaluated by MarketBeat, and ranked 100th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cal-Maine Foods has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Cal-Maine Foods has only been the subject of 1 research reports in the past 90 days.

  • Read more about Cal-Maine Foods' stock forecast and price target.
  • Earnings Growth

    Earnings for Cal-Maine Foods are expected to decrease by -59.13% in the coming year, from $8.54 to $3.49 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cal-Maine Foods is 10.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cal-Maine Foods is 10.86, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.95.

  • Price to Book Value per Share Ratio

    Cal-Maine Foods has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Cal-Maine Foods' valuation and earnings.
  • Percentage of Shares Shorted

    7.13% of the float of Cal-Maine Foods has been sold short.
  • Short Interest Ratio / Days to Cover

    Cal-Maine Foods has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in Cal-Maine Foods has recently increased by 0.35%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Cal-Maine Foods is a leading dividend payer. It pays a dividend yield of 4.51%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Cal-Maine Foods does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Cal-Maine Foods is 46.62%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on EPS estimates, Cal-Maine Foods will have a dividend payout ratio of 116.62% in the coming year. This indicates that Cal-Maine Foods may not be able to sustain their current dividend.

  • Read more about Cal-Maine Foods' dividend.
  • Percentage of Shares Shorted

    7.13% of the float of Cal-Maine Foods has been sold short.
  • Short Interest Ratio / Days to Cover

    Cal-Maine Foods has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in Cal-Maine Foods has recently increased by 0.35%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Cal-Maine Foods has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Cal-Maine Foods this week, compared to 5 articles on an average week.
  • Search Interest

    Only 3 people have searched for CALM on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
  • MarketBeat Follows

    6 people have added Cal-Maine Foods to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Cal-Maine Foods insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    13.45% of the stock of Cal-Maine Foods is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    84.67% of the stock of Cal-Maine Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Cal-Maine Foods' insider trading history.
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CALM Stock News Headlines

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CALM Stock Analysis - Frequently Asked Questions

Cal-Maine Foods' stock was trading at $57.39 at the start of the year. Since then, CALM stock has increased by 65.2% and is now trading at $94.78.
View the best growth stocks for 2024 here
.

Cal-Maine Foods, Inc. (NASDAQ:CALM) announced its earnings results on Tuesday, October, 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.36 by $0.30. The firm's revenue for the quarter was up 71.1% compared to the same quarter last year.

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

Cal-Maine Foods' top institutional investors include State Street Corp (3.28%), Pacer Advisors Inc. (3.18%), Geode Capital Management LLC (2.02%) and Charles Schwab Investment Management Inc. (1.27%). Insiders that own company stock include Letitia Callender Hughes, Robert L Holladay Jr, James E Poole, Michael Todd Walters and Charles Jeff Hardin.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cal-Maine Foods investors own include NVIDIA (nvda), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Intel (INTC).

Company Calendar

Last Earnings
10/01/2024
Ex-Dividend for 11/14 Dividend
10/30/2024
Dividend Payable
11/14/2024
Today
11/20/2024
Next Earnings (Estimated)
1/01/2025
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Agricultural production - livestock & animal specialties
Sub-Industry
Packaged Foods & Meats
Current Symbol
NASDAQ:CALM
CUSIP
12803020
Employees
3,067
Year Founded
1957

Price Target and Rating

Average Stock Price Target
$67.00
High Stock Price Target
$82.00
Low Stock Price Target
$52.00
Potential Upside/Downside
-29.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$277.89 million
Pretax Margin
21.00%

Debt

Sales & Book Value

Annual Sales
$2.65 billion
Cash Flow
$7.66 per share
Book Value
$36.65 per share

Miscellaneous

Free Float
42,443,000
Market Cap
$4.65 billion
Optionable
Optionable
Beta
-0.12

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This page (NASDAQ:CALM) was last updated on 11/21/2024 by MarketBeat.com Staff
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