Cal-Maine Foods (NASDAQ:CALM) given new $70.00 price target at Stephens. October 1, 2026 Key points. * Stephens lowered Cal-Maine Foods' price target from $80 to $70 and maintained an "equal weight" rating, implying only 2.85% upside from the stock's $68.06 opening price. * Analyst sentiment remains cautious: the consensus rating is "Hold" with an average price target of $87.43, while other firms recently downgraded or reduced their targets. * Cal-Maine's latest quarter showed significant weakness, with revenue down 41.5% year over year to $539.6 million and a loss of $1.26 per share, as sharply lower egg prices and excess supply pressured results. * MarketBeat previews the top five stocks to own by November 1st. Cal-Maine Foods (NASDAQ:CALM - Get Free Report) 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. Discover more Analyst ratings data Cal-Maine Foods (NASDAQ:CALM - Get Free Report) 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: * 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 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. * 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. * 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 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. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Cal-Maine Foods, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cal-Maine Foods wasn't on the list. While Cal-Maine Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. 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Cal-Maine swings to first-quarter loss on weaker egg pricing. What happened. Cal-Maine Foods, Inc. (NASDAQ: CALM) reported first-quarter fiscal 2027 results for the period ended August 29, 2026. Net sales were $539.61 million, down from $922.60 million a year earlier. The company posted an $82.17 million operating loss. Gross profit fell to $0.40 million from $311.31 million. Net loss attributable to Cal-Maine Foods, Inc. was $58.62 million, compared with $199.34 million in the prior-year period. The company said it will not pay a cash dividend for the quarter. As of August 29, 2026, $94.5 million had to be recovered before any future dividend under the variable dividend policy. Cal-Maine Foods also repurchased 66,601 shares for $5.0 million during the quarter. The buyback program allows repurchases of up to $500 million, and $315.7 million remained available at quarter end. Key numbers. Why it matters. The main positive was the product mix. Specialty Shell Eggs and Prepared Foods rose to 54.1% of net sales from 37.1%, a 17.0 percentage-point increase. Prepared Foods alone rose to 11.7% from 7.8%. The filing says a continued focus on sales diversification and mix shift should strengthen earnings durability and predictability over time. OptimistFi's case is that Cal-Maine can create value when specialty and prepared foods take a larger share of sales across the cycle. This filing supports that shift, but the conventional shell egg business still dragged results lower. Conventional shell egg segment loss was $71.0 million, compared with segment income of $168.2 million a year earlier. Lower pricing more than offset lower outside egg purchase costs. Management said conventional shell egg pricing remains under pressure from an industry supply imbalance, and it cannot precisely predict when the market will rebalance. What's next. Management will host a conference call and webcast at 9:00 a.m. ET on September 30, 2026. A replay will be available for 30 days on the investor relations page. Prepared Foods production capacity is expected to increase more than 60% by the first half of fiscal 2028. Reaching that target would support the mix shift thesis, while continued pressure in conventional shell egg pricing would weigh on it. Browse every company OptimistFi covers at optimistfi.com/stocks, or read the latest evidence-first research. The full Cal-Maine Foods, Inc. investment case, its status and the next test to watch live on the Cal-Maine Foods, Inc. thesis page. Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.

What Cal-Maine Foods (CALM) said on its Q1 earnings call. Cal-Maine Foods (NASDAQ:CALM) reported a first-quarter fiscal 2027 net loss as an oversupplied conventional egg market pressured wholesale prices, while the company continued investing in specialty eggs and prepared foods to build a more diversified earnings base. For the quarter, Cal-Maine posted net sales of $539.6 million, down 41.5% from the prior-year period. The company reported a gross profit of $403,000, compared with $311.3 million a year earlier, and an operating loss of $82.2 million, versus operating income of $249.2 million in the prior-year quarter. Net loss attributable to Cal-Maine was $58.6 million, or $1.26 per diluted share, compared with net income of $199.3 million, or $4.12 per diluted share, a year earlier. Conventional egg prices weigh on results. President and CEO Sherman Miller said the central near-term issue remains the timing of a rebalancing in the conventional shell egg market. Supply continues to exceed demand, putting pressure on wholesale pricing, though Miller pointed to early indications that supply could be tightening. According to data cited by the company from the American Egg Board, the U.S. layer flock was estimated at roughly 336 million to 343 million birds, about 4 million below the prior estimate. August hatch numbers were down about 12% year over year, while cancellations had become more frequent. Average production over the past three months was estimated at about 19.9 million cases per month, a modest decline from the prior report. Miller said those indicators do not confirm a market turn. He also noted that highly pathogenic avian influenza could affect the timing of a supply adjustment, as virus activity has historically risen during the fall wild-bird migration period. "The issue today is that supply remains greater than even that healthy demand can absorb," Miller said during the call. Conventional shell egg sales totaled $201.7 million, down 59.5% from the prior-year period. The segment posted an operating loss of $71 million and a negative 35.2% operating margin. Cal-Maine's percent produced to sold for conventional and specialty shell eggs combined was 98.2%. Chief Financial Officer Max Bowman said conventional price realization for external customers was 99% of the daily average Urner Barry Southeast market price, compared with 101% in the preceding quarter. He attributed the sequential change to timing, as much of the company's conventional egg business is priced with a lag to market movements. Higher feed costs also added pressure. Miller said feed cost was up 4.3% from the first quarter of fiscal 2026. In response to an analyst question, management said changes in feed costs generally begin flowing through cost-plus pricing arrangements within two weeks to a month, although some agreements can involve a quarterly look-back period. Demand trends remain constructive. Despite excess supply, Cal-Maine said demand data across retail, food service and exports remained favorable. NielsenIQ data cited by the company showed retail egg volume rose about 4% year to date through August. In the four weeks ended Aug. 29, national retail egg dozens remained slightly higher year over year even as average price per dozen declined about 27%. Specialty egg demand outpaced the overall category. Combined retail sales volumes for cage-free, organic, free-range and pasture-raised eggs increased about 6% year to date, according to NielsenIQ. The company also cited American Egg Board data showing quick-service restaurant egg servings increased 2.4% through July and U.S. egg export volume rose 29% year to date. Specialty shell egg sales were $236.9 million, down 14% from a particularly strong prior-year period, when Cal-Maine supplied customers during industry shortages. The segment generated operating income of $14.9 million and a 6.3% operating margin. Miller said the decline reflected difficult comparisons and noted that a low-double-digit percentage of the specialty business remains tied to conventional market pricing. Management expects specialty volumes to trend more closely with broader market growth over time. Prepared Foods expansion continues. Prepared foods generated $63 million in sales, down 13% year over year, while operating income was $7.8 million and operating margin was 12.4%. Prepared foods accounted for about 12% of total net sales during the quarter, while specialty shell eggs and prepared foods together represented approximately 54% of revenue. Cal-Maine expects prepared-foods production capacity to increase more than 60% by the first half of fiscal 2028 compared with the end of fiscal 2026. The planned expansion includes approximately 12 million pounds of annual pancake capacity through early fiscal 2027, 17 million pounds of scrambled egg capacity through fiscal 2027, and 18 million pounds of additional production capacity at Egg Corp through fiscal 2028. John Zoeller, CFO of Prepared Foods, said upfront commissioning and startup costs will continue in the second quarter as new capacity comes online. He said those costs should moderate in the second half of the fiscal year, while the company begins to benefit from commercializing the additional volume. Chief Strategy Officer Keira Lombardo said Cal-Maine continues to evaluate acquisition opportunities but is focused on integrating acquired businesses, commercializing new capacity and building customer demand at a pace that supports long-term execution. The company has previously expanded its prepared-foods platform through the Echo Lake, Crepini, Creighton Brothers and Van's acquisitions. Cash position supports investment. Cal-Maine ended the quarter with $767.6 million in cash and temporary cash investments and said it remained virtually debt-free. Cash used in operating activities totaled $101.4 million, compared with cash provided by operating activities of $278.6 million a year earlier. Capital expenditures were $26.6 million, and the company spent $25 million to acquire additional EB franchise territory in the Northeast. The company repurchased 66,601 shares for about $5 million during the quarter. About $315.7 million remained available under its $500 million share repurchase authorization at quarter-end. After the quarter closed, Cal-Maine repurchased an additional 204,888 shares for $14.9 million. Under its variable dividend policy, Cal-Maine said it will not pay a cash dividend until it returns to cumulative profitability. The cumulative loss to be recovered stood at $94.5 million at the end of the first quarter. Miller said the company's objective is not to eliminate exposure to the egg cycle, but to increase the contribution from specialty eggs and prepared foods over time. "Current results therefore reflect both commodity pressure and investment ahead of growth," he said. About Cal-Maine Foods (NASDAQ:CALM). Cal-Maine Foods, Inc is a leading producer and distributor of shell eggs in the United States. The company manages a vertically integrated business that includes egg production, processing, packaging, marketing and distribution. Its products are sold to retail grocery chains, foodservice customers, food processors and institutional buyers. Cal-Maine offers conventional shell eggs as well as specialty products, including cage-free, organic, brown, free-range and nutritionally enhanced eggs.