Stephens resumed coverage on Cal-Maine Foods with a new price target
$CALM
Farming/Seeds/Milling
Consumer Staples
Stephens resumed coverage of Cal-Maine Foods with a rating of Equal-Weight and set a new price target of $82.00
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| 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
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
8-K - CAL-MAINE FOODS INC (0000016160) (Filer)
10-Q - CAL-MAINE FOODS INC (0000016160) (Filer)
8-K - CAL-MAINE FOODS INC (0000016160) (Filer)
SC 13G/A - CAL-MAINE FOODS INC (0000016160) (Subject)
SC 13G/A - CAL-MAINE FOODS INC (0000016160) (Subject)
SC 13D/A - CAL-MAINE FOODS INC (0000016160) (Subject)
4 - CAL-MAINE FOODS INC (0000016160) (Issuer)
4 - CAL-MAINE FOODS INC (0000016160) (Issuer)
4 - CAL-MAINE FOODS INC (0000016160) (Issuer)
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) ("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
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