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

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

A number of other research firms also recently commented on CALM. Benchmark downgraded Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. The Goldman Sachs Group restated a “neutral” rating and issued a $70.00 target price on shares of Cal-Maine Foods in a research note on Friday, September 18th. BMO Capital Markets reissued 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 Cal-Maine Foods from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 26th. Finally, Weiss Ratings cut Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.43.

Cal-Maine Foods Stock Down 0.7%

Shares of CALM opened at $68.06 on Thursday. The firm’s 50 day moving average price is $79.43 and its 200 day moving average price is $79.31. The company has a market cap of $3.19 billion, a P/E ratio of 10.39 and a beta of 0.23. Cal-Maine Foods has a fifty-two week low of $63.50 and a fifty-two week high of $95.57.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CALM. CoreCap Advisors LLC grew its holdings in Cal-Maine Foods by 13.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company’s stock valued at $93,000 after buying an additional 137 shares during the last quarter. DGS Capital Management LLC raised its holdings in Cal-Maine Foods by 6.7% during the 1st quarter. DGS Capital Management LLC now owns 2,932 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 183 shares during the last quarter. Stegent Equity Advisors Inc. grew its holdings in Cal-Maine Foods by 4.0% during the first quarter. Stegent Equity Advisors Inc. now owns 5,279 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 202 shares during the period. Navellier & Associates Inc. increased its stake in Cal-Maine Foods by 0.7% during the 2nd quarter. Navellier & Associates Inc. now owns 33,262 shares of the basic materials company’s stock worth $2,680,000 after purchasing an additional 229 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Cal-Maine Foods by 4.2% in the first quarter. Private Advisor Group LLC now owns 6,215 shares of the basic materials company’s stock valued at $492,000 after purchasing an additional 250 shares during the last quarter. Institutional investors 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: 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

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.