Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels. It sells its products to various customers, including national and regional grocery store chains, club stores, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States. The company was founded in 1957 and is headquartered in Jackson, Mississippi.
IPO Year: 1996
Exchange: NASDAQ
Website: calmainefoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/6/2025 | $100.00 | Market Perform | BMO Capital Markets |
| 10/3/2024 | $82.00 | Equal-Weight | Stephens |
| 4/25/2023 | $67.00 → $60.00 | Overweight → Equal-Weight | Stephens |
| 3/30/2022 | Equal Weight → Overweight | Consumer Edge Research |
BMO Capital Markets initiated coverage of Cal-Maine Foods with a rating of Market Perform and set a new price target of $100.00
Stephens resumed coverage of Cal-Maine Foods with a rating of Equal-Weight and set a new price target of $82.00
Stephens downgraded Cal-Maine Foods from Overweight to Equal-Weight and set a new price target of $60.00 from $67.00 previously
Consumer Edge Research upgraded Cal-Maine Foods from Equal Weight to Overweight
BofA Securities downgraded Cal-Maine Foods from Buy to Underperform and set a new price target of $38.00 from $47.00 previously
4 - CAL-MAINE FOODS INC (0000016160) (Issuer)
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4 - CAL-MAINE FOODS INC (0000016160) (Issuer)
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Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that the Company will release its fourth quarter and fiscal 2025 financial results on Tuesday, July 22, 2025. A press release will be issued after the close of market trading. About Cal-Maine Foods Cal-Maine Foods, Inc. is primarily engaged in the production, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs, as well as a variety of egg products and prepared foods. The Company, which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the nation and sells most of i
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), today announced the closing of its acquisition of Echo Lake Foods. The Company announced in April that it signed a definitive agreement to acquire Echo Lake Foods in an all-cash transaction for approximately $258 million, which is expected to provide a tax benefit of ~$28 million equating to an effective purchase price of ~$230 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelets, egg patties, toast and diced eggs. Echo Lake Foods had annual revenues of approximately $240 million in 2024
Cal-Maine Foods, Inc. (NASDAQ:CALM) (the "Company") today announced the pricing of an underwritten public offering (the "Offering") of 2,978,740 shares of its common stock by the four daughters of the Company's late founder, Fred R. Adams, Jr. ("Mr. Adams"), Dinnette Adams Baker, Luanne Adams, Nancy Adams Briggs and Laurel Adams Krodel, and Adolphus B. Baker, Board Chair (and Mr. Adams' son-in-law) (collectively, the "Selling Stockholders"), at a public offering price of $92.75 per share. Subject to the satisfaction of customary conditions, the offering is expected to close on April 17, 2025. In anticipation of the Offering, all outstanding shares of the Company's Class A common stock (wit
Cal-Maine Foods, Inc. (NASDAQ:CALM) (the "Company") today announced an underwritten public offering (the "Offering") of 3,024,287 shares of its common stock by the four daughters of the Company's late founder, Fred R. Adams, Jr. ("Mr. Adams"), Dinnette Adams Baker, Luanne Adams, Nancy Adams Briggs and Laurel Adams Krodel, and Adolphus B. Baker, Board Chair (and Mr. Adams' son-in-law) (collectively, the "Selling Stockholders"), subject to market conditions and other factors. There can be no assurance as to whether or when the Offering may be completed or as to the final size or terms of the Offering. In anticipation of the Offering, all outstanding shares of the Company's Class A common sto
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), today reported financial and operational results for the third quarter of fiscal 2025 (thirteen weeks) ended March 1, 2025. Subsequent to the end of the fiscal quarter, the Company also announced it entered into a definitive agreement to acquire Echo Lake Foods, Inc. ("Echo Lake Foods"). Third Quarter Fiscal 2025 Financial, Operational and Business Highlights Quarterly net sales of $1.4 billion and net income of $508.5 million, or $10.38 per diluted share Strong consumer demand during the quarter led to record total dozens sold, as the Company honored long-standing pricing frameworks with valued customers Signi
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that the Company will release its third quarter fiscal 2025 financial results on Tuesday, April 8, 2025. A press release will be issued after the close of market trading. About Cal-Maine Foods Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. The Company, which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the nation and sells most of its shell eggs throughout the majority of the United Sta
Also Announces New $500 Million Share Repurchase Program Announces Potential Transition to Non-Controlled Company Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company") today announced that it has entered into an agreement with members of the family of its founder Fred R. Adams, Jr., relating to the potential diversification of their individual financial portfolios. As discussed below, the agreement creates a process for the potential conversion of all of their super voting Class A Common Stock ("Class A Shares") to Cal-Maine Foods' Common Stock ("Common Shares"). Should the conversion occur, all the Company's shares would be a single class, with one vote per share. Be
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that the Company has acquired certain assets of Deal-Rite Feeds, Inc. and its affiliated entities, including two feed mills, storage facilities, usable grain, vehicles, related equipment and retail feed sales business located in Statesville and Union Grove, North Carolina. The Company is funding the acquisition with available cash on hand. Sherman Miller, president and chief executive officer of Cal-Maine Foods, Inc., said, "We are pleased to have the opportunity to acquire these feed mills and operations, which are strategically located in close proximity to our North Carolina shell egg production facilities. As we continue to expand co
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2025 (thirteen weeks) ended November 30, 2024. Second Quarter Fiscal 2025 Highlights Quarterly net sales of $954.7 million Quarterly net income of $219.1 million, or $4.47 per diluted share Quarterly record for total dozens sold and specialty dozens sold Cash dividend of approximately $73.0 million, or approximately $1.49 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Foods,
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that the Company will release its second quarter fiscal 2025 financial results on Tuesday, January 7, 2025. A press release will be issued after the close of market trading. About Cal-Maine Foods Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. The Company, which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the nation and sells most of its shell eggs throughout the majority of the U
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2025 (thirteen weeks) ended November 30, 2024. Second Quarter Fiscal 2025 Highlights Quarterly net sales of $954.7 million Quarterly net income of $219.1 million, or $4.47 per diluted share Quarterly record for total dozens sold and specialty dozens sold Cash dividend of approximately $73.0 million, or approximately $1.49 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Foods,
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the first quarter of fiscal 2025 (thirteen weeks) ended August 31, 2024. First Quarter Fiscal 2025 Highlights Quarterly net sales of $785.9 million Quarterly net income of $150.0 million, or $3.06 per diluted share Quarterly record for total dozens sold and specialty dozens sold Cash dividend of approximately $50.0 million, or $1.02 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Foods, stated, "Our financial a
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the fourth quarter of fiscal 2024 (thirteen weeks) and fiscal year 2024 (fifty-two weeks) ended June 1, 2024. Fourth Quarter and Fiscal Year 2024 Highlights Quarterly net sales of $640.8 million Quarterly net income of $113.2 million, or $2.32 per diluted share Fiscal year net sales of $2.3 billion and net income of $277.9 million, or $5.69 per diluted share Cash dividend of $37.8 million, or $0.77 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, presiden
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company") today announced the Company has completed the acquisition of substantially all the assets of ISE America, Inc. and certain affiliates ("ISE") for approximately $110 million. Cal-Maine Foods is funding the acquisition with available cash on hand. The acquired ISE assets include commercial shell egg production and processing facilities with current capacity of approximately 4.7 million laying hens, including 1.0 million cage-free, and 1.2 million pullets, feed mills, approximately 4,000 acres of land, inventories and an egg products breaking facility. The acquired assets also include an extensive customer distribution ne
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the third quarter of fiscal 2024 (thirteen weeks) ended March 2, 2024. Third Quarter Fiscal Year 2024 Highlights Quarterly net sales of $703.1 million Quarterly net income of $146.4 million, or $3.01 per basic common share Record quarterly sales volume of total dozens sold and specialty dozens sold Cash dividend of $48.9 million, or $1.00 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Foods, stated, "We
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2024 (thirteen weeks) ended December 2, 2023. Second Quarter Fiscal Year 2024 Highlights Quarterly net sales of $523.2 million Quarterly net income of $17.0 million or $0.35 per basic and diluted common share Cash dividend of $5.7 million, or $0.116 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Foods, Inc., stated, "Cal-Maine Foods delivered a solid financial and operating per
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the first quarter of fiscal 2024 (thirteen weeks) ended September 2, 2023. First Quarter Fiscal Year 2024 Highlights Quarterly net sales of $459.3 million Quarterly net income of $926,000 or $0.02 per basic and diluted common share Net average selling price for specialty eggs increased 8.4 percent quarter-over-quarter Cash dividend of $294,000, or $0.006 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Fo
Announces Quarterly Cash Dividend of $0.76 Per Share Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the fourth quarter of fiscal 2023 (fourteen weeks) and fiscal year 2023 (fifty-three weeks) ended June 3, 2023. The fourth quarter of fiscal 2022 was a thirteen-week period and fiscal year 2022 was a fifty-two week period. Fourth Quarter and Fiscal Year 2023 Highlights Quarterly net sales of $688.7 million, driven by increased sales volumes Quarterly net income of $110.9 million, or $2.28 per basic and $2.27 per diluted common share Fiscal year net
Announces Quarterly Cash Dividend of $2.20 Per Share Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the third quarter of fiscal 2023 (thirteen weeks) ended February 25, 2023. Third Quarter Fiscal 2023 Highlights Quarterly net sales of $997.5 million, driven by strong conventional egg prices Quarterly net income of $323.2 million, or $6.64 per basic and $6.62 per diluted common share Cash dividend of $107.7 million, or $2.20 per share, pursuant to the Company's established dividend policy Overview Sherman Miller, president and chief executive officer
Announces Quarterly Cash Dividend of $1.35 Per Share Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods", or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2023 (thirteen weeks) ended November 28, 2022. Second Quarter Fiscal 2023 Highlights Record quarterly net sales of $801.7 million, a 110% increase compared with the same quarter last year, driven by record average conventional egg selling price Record quarterly net income of $198.6 million, or $4.08 per basic and $4.07 per diluted common share Quarterly gross profit margin of 39.6% Cash dividend of $1.35 per share Overvi
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Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), today reported financial and operational results for the third quarter of fiscal 2025 (thirteen weeks) ended March 1, 2025. Subsequent to the end of the fiscal quarter, the Company also announced it entered into a definitive agreement to acquire Echo Lake Foods, Inc. ("Echo Lake Foods"). Third Quarter Fiscal 2025 Financial, Operational and Business Highlights Quarterly net sales of $1.4 billion and net income of $508.5 million, or $10.38 per diluted share Strong consumer demand during the quarter led to record total dozens sold, as the Company honored long-standing pricing frameworks with valued customers Signi
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that it has completed a strategic investment with Crepini LLC, establishing a new egg products and prepared foods joint venture. Crepini LLC, founded in 2007, has grown its brand throughout the United States and Mexico featuring egg wraps, protein pancakes, crepes, and wrap-ups, which are now sold online and in over 3,500 retail stores. The new entity, located in Hopewell Junction, New York, will operate as Crepini Foods LLC ("Crepini"). Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in cash to purchase additional equipment and other assets and fund working capital in exchange for a 51% interest in the new ventur
Scott Hull to Assume Executive Officer Role for Sales Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024. Scott Hull, Vice President of Sales, will assume the executive officer role previously held by Hardin, effectively immediately. Hardin will continue to work with Hull through the transition period until his official retirement date. Hardin joined Cal-Maine Foods in 1988 and was named Vice President of Sales in 2002. He has played a pivotal role in driving the Company's consistent record of sales growth and establishing valuable long-term working relationships wi
Cal-Maine Foods, Inc. (NASDAQ:CALM) ("Cal-Maine Foods" or the "Company"), the largest producer and distributor of fresh shell eggs in the United States, today announced it has completed the previously announced acquisition of a broiler processing plant, hatchery and feed mill in Dexter, Missouri, that were closed by Tyson Foods, Inc. (NYSE:TSN) ("Tyson") in 2023. The Company plans to remodel and repurpose the assets for use in shell egg and egg products production. Sherman Miller, president and chief executive officer of Cal-Maine Foods, Inc., stated, "We are pleased to join the Dexter community and are excited about the opportunities to expand our operations. We intend to partner with th
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that Michael D. (Mike) Castleberry, Vice President and Controller and the Company's principal accounting officer, will retire from Cal-Maine Foods effective early January 2022. Castleberry has held this position since 2014 after serving as Director of Accounting since 2013. Matt Glover has been named Vice President – Accounting and will transition to the role of principal accounting officer effective November 29, 2021. Glover has served as Director of Financial Reporting for Cal-Maine Foods since 2019. He previously was a Senior Audit Manager at BKD, LLP, for ten years where he worked with audit clients in a variety of industries. Glover