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 |
|---|---|---|---|
| 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 |
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
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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
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Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that management will participate in the Stephens 2024 Annual Investment Conference to be held November 19-21, 2024, at The Grand Hyatt in Nashville, Tennessee. The fireside chat presentation by Sherman Miller, president and chief executive officer, and Max Bowman, vice president and chief financial officer, will begin at approximately 9:00 a.m. Central Time on Wednesday, November 20, 2024, and will be available to investors via a live audio webcast. A link to the broadcast can be found at the investor relations section of the Company's website, www.calmainefoods.com. A replay will be available for 90 days. About Cal-Maine Foods Cal-Main
Company Updates Progress on Dexter, Missouri Conversion Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that on October 4, 2024, its Board of Directors approved $40 million in new capital projects to further expand the Company's cage-free production capabilities. The Company plans to fund the projects through a combination of available cash on hand, sales of investment securities and operating cash flow. The projects will include the addition of five new cage-free layer houses across the Company's locations in Florida, Georgia, Utah and Texas. The Company plans to start construction by the end of calendar 2024 and expects the projects to be completed with additional production capacit
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) today announced that the Company will release its first quarter fiscal 2025 financial results on Tuesday, October 1, 2024. 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 S
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
USA News Group CommentaryIssued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, Aug. 19, 2024 /PRNewswire/ -- USA News Group – A new commentary from the University of Guelph is sounding the alarm about our fragile food supply chain, that the authors claim was "built for a world that no longer exists". According to the UN World Food Program USA, hunger, famine, and rising food costs are happening around the world. Helping to meet today's food needs around the world, the World Economic Forum is applauding advancements in a vast and complex supply chain, pointing towards a global food market expected to be worth $9.12 trillion, growing at a CAGR of 6.7%. Among the grou
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that Judd Stevens has been named Vice President, Operations, effective July 23, 2024. Stevens will have responsibility for all of Cal-Maine Foods' recently acquired assets from ISE, including production operations in Delaware, Maryland, New Jersey and South Carolina. Stevens has been employed with Cal-Maine Foods since 2003. He most recently served as General Manager for the Company's subsidiary Wharton County Foods, LLC's facilities in Boling, Texas. He previously served in management positions at other Cal-Maine Foods locations in Texas, Florida, and Mississippi. Stevens has also served as the President of The Texas Poultry Federation
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) today released the Company's updated Fiscal 2023 Sustainability Report, which highlights Cal-Maine Foods' progress on the Company's key sustainability initiatives. As in previous reports, the Company is providing updated information utilizing the United Nations Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) framework. Sherman Miller, president and chief executive officer of Cal-Maine Foods, stated "We are pleased to present our Fiscal 2023 sustainability report, marking the fifth year to share our progress and honor our commitment to be more transparent about our operations. Based on the feedback we have received, we
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced that the Company will release its fourth quarter and fiscal 2024 financial results on Tuesday, July 23, 2024. A press release will be issued after the close of market trading. 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 United States and sells the majority of its shell eggs in states across the southwestern, southeas
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
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 2023 (thirteen weeks) ended August 27, 2022. First Quarter Fiscal 2023 Highlights Record quarterly net sales of $658.3 million, a 103% increase compared with the same quarter last year, driven by record average conventional selling price and record specialty sales volume First quarter net income of $125.3 million, or $2.58 per basic and $2.57 per diluted common share First quarter gross profit margin of 33.0% Announces first quarter fiscal 2023 cash dividend of $0.85 per share
Cal-Maine Foods (NASDAQ:CALM) reported quarterly earnings of $2.32 per share which beat the analyst consensus estimate of $1.85 by 25.41 percent. The company reported quarterly sales of $640.80 million which beat the analyst consensus estimate of $608.66 million by 5.28 percent. This is a 6.95 percent decrease over sales of $688.68 million the same period last year.
Goldman Sachs analyst Adam Samuelson maintains Cal-Maine Foods (NASDAQ:CALM) with a Sell and raises the price target from $47 to $52.
U.S. stocks were mixed, with the Dow Jones index gaining around 150 points on Wednesday. Shares of U.S. Bancorp (NYSE:USB) shares rose during Wednesday's session following a second-quarter earnings beat. Revenue stood at $6.867 billion (-4.3% Y/Y), beating the consensus of $6.795 billion. Adjusted earnings per share totaled 98 cents, beating the consensus of 94 cents, according to data from Benzinga Pro. U.S. Bancorp shares gained 4.7% to $45.34 on Wednesday. Here are some other big stocks recording gains in today’s session. Aehr Test Systems (NASDAQ:AEHR) shares jumped 16.4% to $19.60 after the company reported better-than-expected Q4 financial results and issued FY25 revenu
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 net
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector. Cal-Maine Foods, Inc. (NASDAQ:CALM) Dividend Yield: 3.30% Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight r
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href=”https://www.benzinga.com/yield-investments”><em> high dividend payout. </em></a> Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector. Cal-Maine Foods, Inc. (NASDAQ:CALM) Dividend Yield:
Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) fell sharply during Wednesday’s session amid the company's presentation at the J.P. Morgan Retail Roundup investor conference where the company reportedly issued a weak outlook. Ulta Beauty shares dipped 13.7% to $448.08 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers ARCA biopharma, Inc. (NASDAQ:ABIO) climbed 108% to $3.5549 after the company and Oruka Therapeutics announced a merger agreement. Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares gained 89% to $0.1906 after the company entered a merger agreement with TuHURA Biosciences. Next Technology Holding Inc. (NASDAQ:NXTT) rose 57.4% to $6.42. Vanda Ph
U.S. stocks were higher, with the Dow Jones gaining over 50 points on Wednesday. Shares of Signet Jewelers Limited (NYSE:SIG) rose sharply during Wednesday’s session after the company raised its FY25 guidance. The company and Leonard Green & Partners, L.P., an equity investment firm, today announced the amendment of the terms of the Series A Convertible Preference Shares to net share settlement and the repurchase of half of the Preferred Shares. Signet increased its FY25 adjusted EPS outlook to $9.90 – $11.52 from $9.08 – $10.48 versus an estimate of $9.72. Signet Jewelers shares surged 9.2% to $103.80 on Wednesday. Here are some other big stocks recording gains in today’s session. De
Stephens & Co. analyst Ben Bienvenu reiterates Cal-Maine Foods (NASDAQ:CALM) with a Equal-Weight and maintains $65 price target.
Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) rose sharply in today’s pre-market trading after the company reported upbeat results for its fourth quarter. The company reported quarterly earnings of $3.00 per share which beat the analyst consensus estimate of $2.46 per share, according to data from Benzinga Pro. Cal-Maine Foods shares jumped 8.3% to $63.80 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers LAMF Global Ventures Corp. I (NASDAQ:LGVC) rose 148.9% to $26.79 in pre-market trading. ViewLAMF Global Ventures Corp. I shareholders approved previously announced business combination with Nuvo Group Ltd. Aesthetic Medical International Holdings