Egg prices boost Cal-Maine's sales more than 70% higher
Cal-Maine, the largest U.S. egg producer and distributor, also said that Hurricane Helene is unlikely to impact its operations.
Cal-Maine Foods: M&A Plans, Hard-Cooked Eggs, And Quite Cheap
Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States. Plans for future growth in value-added products and potential acquisitions. Undervalued stock with positive free cash flow growth and an implied fair price of close to $144 per share.
Cal-Maine's stock falls after earnings miss amid avian flu outbreak
Cal-Maine Foods Inc.'s stock CALM, +0.53% fell 2% in after-hours trading Tuesday, after the nation's biggest egg producer posted weaker-than-expected fiscal fourth-quarter earnings as an avian flu outbreak continues to take a toll. Ridgeland, Miss.
CalMaine Foods (CALM) Acquires ISE America Assets for $110M
CalMaine Foods (CALM) buys assets of ISE to boost market reach in the Northeast and Mid-Atlantic states.
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Cal-Maine Foods: Attractive Economics, Near-Term Tailwinds
The poultry industry is experiencing another outbreak of avian influenza, which could lead to increased egg prices and benefit companies in the sector. Cal-Maine Foods, Inc. is the largest producer and distributor of fresh shell eggs in the US. The company's financial performance has been impacted by the outbreak, but its strategic adjustments and growing demand for cage-free eggs position it well for the future.
Cal-Maine (CALM) Upgraded to Strong Buy: Here's Why
Cal-Maine (CALM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Janney Montgomery Scott LLC Acquires 2,011 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)
Janney Montgomery Scott LLC increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,184 shares of the basic materials company’s stock after buying an additional 2,011 shares during the period. Janney Montgomery Scott LLC owned 0.30% of Cal-Maine Foods worth $8,562,000 as of its most recent SEC filing. Other hedge funds have also bought and sold shares of the company. National Bank of Canada FI lifted its holdings in shares of Cal-Maine Foods by 2.3% during the 4th quarter. National Bank of Canada FI now owns 9,547 shares of the basic materials company’s stock worth $541,000 after acquiring an additional 218 shares during the last quarter. Signaturefd LLC increased its position in shares of Cal-Maine Foods by 44.2% during the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 233 shares during the last quarter. Donoghue Forlines LLC raised its holdings in shares of Cal-Maine Foods by 4.2% during the 4th quarter. Donoghue Forlines LLC now owns 7,211 shares of the basic materials company’s stock valued at $414,000 after buying an additional 289 shares in the last quarter. Amalgamated Bank lifted its position in Cal-Maine Foods by 2.6% in the 3rd quarter. Amalgamated Bank now owns 17,667 shares of the basic materials company’s stock worth $855,000 after buying an additional 448 shares during the last quarter. Finally, Park Place Capital Corp purchased a new stake in Cal-Maine Foods in the fourth quarter worth approximately $26,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors. Cal-Maine Foods Stock Performance Shares of Cal-Maine Foods stock opened at $58.18 on Monday. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $64.76. The company’s 50 day moving average price is $59.29 and its 200-day moving average price is $55.77. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 10.32 and a beta of -0.02. Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last announced its quarterly earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. The business had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The company’s revenue was down 29.5% on a year-over-year basis. During the same quarter last year, the firm earned $6.62 EPS. As a group, equities research analysts forecast that Cal-Maine Foods, Inc. will post 4.63 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, EVP Charles Jeff Hardin sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now directly owns 3,999 shares of the company’s stock, valued at $225,983.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.51% of the company’s stock. Analyst Ratings Changes Separately, Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd. Get Our Latest Report on CALM About Cal-Maine Foods (Free Report) Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.
