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Cal-Maine Foods, Inc.NasdaqGS:CALM Stock Report

Market Cap US$3.7b
Share Price
US$77.73
US$98
20.7% undervalued intrinsic discount
1Y-24.6%
7D-2.7%
1D
Portfolio Value
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View

Cal-Maine Foods, Inc.

NasdaqGS:CALM Stock Report

Market Cap: US$3.7b

Cal-Maine Foods (CALM) Stock Overview

Engages in the production, grading, packaging, marketing, and distribution of shell eggs, egg products, and prepared foods. More details

CALM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 30.6% below our estimate of its fair value

Risk Analysis

Earnings are forecast to decline by an average of 53.3% per year for the next 3 years

Unstable dividend track record


CALM Community Fair Values

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Analyst Price Targets

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Cal-Maine Foods, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Cal-Maine Foods
Historical stock prices
Current Share PriceUS$77.73
52 Week HighUS$126.40
52 Week LowUS$71.92
Beta0.24
1 Month Change-1.07%
3 Month Change-0.79%
1 Year Change-24.59%
3 Year Change72.62%
5 Year Change110.14%
Change since IPO3.64%

Recent News & Updates

Seeking Alpha • May 20

Cal-Maine Foods: A Rare Pure-Play Commodity Compounder

Summary Cal-Maine Foods offers pure-play exposure to egg prices via a dominant, financially disciplined, and debt-free operator with a resilient variable dividend structure. CALM's revenues and scale have trended upward despite commodity volatility, aided by strategic acquisitions and recent expansion into value-added products. The stock trades slightly above book value with over $1B in cash, reflecting market confidence even as egg prices hit decade lows and earnings compress. The current risk-reward appears attractive for a small, diversified allocation, but investors must tolerate cyclicality, variable income, and integration risk from diversification efforts. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 20

Cal-Maine Foods: A Rare Pure-Play Commodity Compounder

Summary Cal-Maine Foods offers pure-play exposure to egg prices via a dominant, financially disciplined, and debt-free operator with a resilient variable dividend structure. CALM's revenues and scale have trended upward despite commodity volatility, aided by strategic acquisitions and recent expansion into value-added products. The stock trades slightly above book value with over $1B in cash, reflecting market confidence even as egg prices hit decade lows and earnings compress. The current risk-reward appears attractive for a small, diversified allocation, but investors must tolerate cyclicality, variable income, and integration risk from diversification efforts. Read the full article on Seeking Alpha
Analysis Article • Sep 16

Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Share Price Is Matching Sentiment Around Its Earnings

With a price-to-earnings (or "P/E") ratio of 4.3x Cal-Maine Foods, Inc. ( NASDAQ:CALM ) may be sending very bullish...
Analysis Article • Jul 26

Earnings Update: Cal-Maine Foods, Inc. (NASDAQ:CALM) Just Reported And Analysts Are Boosting Their Estimates

Cal-Maine Foods, Inc. ( NASDAQ:CALM ) just released its latest annual results and things are looking bullish. The...
Analysis Article • Jun 27

Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Intrinsic Value Is Potentially 92% Above Its Share Price

Key Insights The projected fair value for Cal-Maine Foods is US$190 based on 2 Stage Free Cash Flow to Equity Cal-Maine...
Analysis Article • May 16

Little Excitement Around Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Earnings

With a price-to-earnings (or "P/E") ratio of 4.8x Cal-Maine Foods, Inc. ( NASDAQ:CALM ) may be sending very bullish...
Analysis Article • Apr 26

Cal-Maine Foods (NASDAQ:CALM) Is Increasing Its Dividend To $3.46

Cal-Maine Foods, Inc. ( NASDAQ:CALM ) has announced that it will be increasing its dividend from last year's comparable...
Seeking Alpha • Apr 16

Margins Surge For Cal-Maine Foods, But Little Clarity On The Future Of The Egg Industry

Summary Cal-Maine Foods (CALM) has seen record profits due to high egg prices and lower feed costs, despite a recent Q3 earnings miss. The avian flu has significantly impacted egg supply, driving prices up, but this situation is temporary and will eventually normalize. The company faces potential risks from a Justice Department investigation and possible stock dilution, despite having substantial cash reserves and no debt. Cal-Maine remains a buy for now, but investors should monitor market conditions and margins closely as the egg market stabilizes. Read the full article on Seeking Alpha
Analysis Article • Apr 12

Cal-Maine Foods (NASDAQ:CALM) Will Pay A Larger Dividend Than Last Year At $3.46

The board of Cal-Maine Foods, Inc. ( NASDAQ:CALM ) has announced that it will be paying its dividend of $3.46 on the...
Analysis Article • Mar 21

Is Now The Time To Put Cal-Maine Foods (NASDAQ:CALM) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha • Mar 13

Cal-Maine Foods: Taking The Right Steps To Adapt To Cage-Free Eggs Demand

Summary Cal-Maine is the leading U.S. egg producer with a vertically integrated approach. The egg market is seeing a shift towards cage-free production. Cal-Maine is taking steps to adapt to this new demand. After falling 22% in the last month, the company is trading at a dividend yield of 7%. I think it is cheap for a market leader. Read the full article on Seeking Alpha
Analysis Article • Feb 06

Why Investors Shouldn't Be Surprised By Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Low P/E

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
Analysis Article • Jan 16

Cal-Maine Foods (NASDAQ:CALM) Is Increasing Its Dividend To $1.49

Cal-Maine Foods, Inc.'s ( NASDAQ:CALM ) dividend will be increasing from last year's payment of the same period to...
Seeking Alpha • Jan 09

Cal-Maine Foods: Risk Of Cyclical Peak From Avian Flu

Summary Cal-Maine's Q2 FY 2025 results show strong revenue and profit growth from higher egg prices due to avian flu, but these gains are likely short-lived. With $800M in liquidity and no debt, Cal-Maine remains financially healthy and positioned to make acquisitions when flushed with cash. Their operating model can not only point to a large flock sizes but flexibility toward the shift from conventional eggs to specialty. CALM's current valuation reflects temporary high earnings; DCF suggests an ideal entry price closer to $29 per share for better long-term returns. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19

Cal-Maine Foods: Leading Egg Producer Keeps Hatching As Share Price Flies Through Barn Door

Summary My initial rating of leading egg producer Cal-Maine Foods is a hold, as the upside factors are overshadowed by the share price at 10-year highs. The company can benefit from expected future consumer resilience and demand for eggs, as well as higher prices due to supply and avian flu headwinds lately. This firm has no long-term debt, making it a more conservative choice to keep in a portfolio, along with a strong profit margin beating key peers. With a P/B overvalued to peers, and forward P/E only slightly undervalued, along with an inconsistent dividend growth history, there may be a better time to click buy. Read the full article on Seeking Alpha
Analysis Article • Dec 11

The Trend Of High Returns At Cal-Maine Foods (NASDAQ:CALM) Has Us Very Interested

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Oct 30

Are Investors Undervaluing Cal-Maine Foods, Inc. (NASDAQ:CALM) By 31%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Cal-Maine Foods fair value estimate is US$130 Current share...
Analysis Article • Oct 08

Cal-Maine Foods, Inc. (NASDAQ:CALM) Held Back By Insufficient Growth Even After Shares Climb 25%

Cal-Maine Foods, Inc. ( NASDAQ:CALM ) shares have continued their recent momentum with a 25% gain in the last month...
Analysis Article • Oct 06

Cal-Maine Foods' (NASDAQ:CALM) Shareholders Will Receive A Bigger Dividend Than Last Year

Cal-Maine Foods, Inc. ( NASDAQ:CALM ) will increase its dividend on the 14th of November to $1.02, which is 16,883...
Seeking Alpha • Oct 06

Cal-Maine Foods: Better Than Expected Results, Cheap, And Growing

Summary Cal-Maine Foods delivered better-than-expected quarterly results, driven by higher egg prices and strategic acquisitions, despite HPAI outbreaks impacting production. The company saw a significant increase in demand for specialty eggs, boosting net sales from $459.3 million to $785.9 million year-over-year. I upgraded my price target to $154 per share, seeing the company undervalued at 5x-6x EBITDA, compared to sector medians. Despite risks from HPAI outbreaks and Hurricane Helene, Cal-Maine's strong management and strategic acquisitions position it well for future growth. Read the full article on Seeking Alpha
Analysis Article • Oct 03

Earnings Miss: Cal-Maine Foods, Inc. Missed EPS By 11% And Analysts Are Revising Their Forecasts

Investors in Cal-Maine Foods, Inc. ( NASDAQ:CALM ) had a good week, as its shares rose 3.1% to close at US$75.41...
Analysis Article • Sep 05

The Return Trends At Cal-Maine Foods (NASDAQ:CALM) Look Promising

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Analysis Article • Jul 26

Earnings Beat: Cal-Maine Foods, Inc. (NASDAQ:CALM) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts

Investors in Cal-Maine Foods, Inc. ( NASDAQ:CALM ) had a good week, as its shares rose 8.6% to close at US$71.05...
Seeking Alpha • Jul 26

Cal-Maine Foods: M&A Plans, Hard-Cooked Eggs, And Quite Cheap

Summary 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. Considering previous FCF growth, organic growth, and negative net debt, CALM seems quite cheap at close to 6x TTM EBITDA. Read the full article on Seeking Alpha
Analysis Article • Jun 25

Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Price Is Right But Growth Is Lacking

Cal-Maine Foods, Inc.'s ( NASDAQ:CALM ) price-to-earnings (or "P/E") ratio of 10.8x might make it look like a buy right...
Seeking Alpha • Jun 11

Cal-Maine Foods: Attractive Economics, Near-Term Tailwinds

Summary 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. Read the full article on Seeking Alpha

Shareholder Returns

CALMUS FoodUS Market
7D-2.7%-4.2%1.7%
1Y-24.6%-9.5%25.1%

Return vs Industry: CALM underperformed the US Food industry which returned -9.5% over the past year.

Return vs Market: CALM underperformed the US Market which returned 25.1% over the past year.

Price Volatility

Is CALM's price volatile compared to industry and market?
CALM volatility
CALM Average Weekly Movement4.3%
Food Industry Average Movement5.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: CALM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CALM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19573,756Sherman Millerwww.calmainefoods.com

Cal-Maine Foods, Inc., together with its subsidiaries, engages in the production, grading, packaging, marketing, and distribution of shell eggs, egg products, and prepared foods. The company offers specialty shell eggs, including cage-free, organic, brown, free-range, and pasture-raised and nutritionally enhanced eggs, as well as conventional eggs under the Egg-Land’s Best, Land O’ Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain brand names. It also provides ready-to-eat products, such as hard-cooked eggs, egg wraps, protein pancakes, crepes and wrap-ups; and sells feed, miscellaneous byproducts, and resale products.

Cal-Maine Foods, Inc. Fundamentals Summary

How do Cal-Maine Foods's earnings and revenue compare to its market cap?
CALM fundamental statistics
Market capUS$3.71b
Earnings (TTM)US$695.03m
Revenue (TTM)US$3.46b
5.3x
P/E Ratio
1.1x
P/S Ratio

Is CALM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CALM income statement (TTM)
RevenueUS$3.46b
Cost of RevenueUS$2.29b
Gross ProfitUS$1.17b
Other ExpensesUS$474.46m
EarningsUS$695.03m

Last Reported Earnings

Feb 28, 2026

Next Earnings Date

n/a

Earnings per share (EPS)14.67
Gross Margin33.77%
Net Profit Margin20.07%
Debt/Equity Ratio0%

How did CALM perform over the long term?

See historical performance and comparison

Dividends

10.8%
Current Dividend Yield
33%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 09:40
End of Day Share Price 2026/06/18 00:00
Earnings2026/02/28
Annual Earnings2025/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cal-Maine Foods, Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KlieveBenchmark Company
Benjamin MayhewBMO Capital Markets Equity Research
Andrew StrelzikBMO Capital Markets Equity Research