Cal-Maine Foods (NASDAQ:CALM) Trading Down 5.5% – Should You Sell?

Cal-Maine Foods, Inc. (NASDAQ:CALM)’s stock price traded down 5.5% on Thursday . The stock traded as low as $77.62 and last traded at $78.7490. 259,546 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,213,039 shares. The stock had previously closed at $83.36.

Key Cal-Maine Foods News

Here are the key news stories impacting Cal-Maine Foods this week:

• Positive Sentiment: Company beat consensus on EPS and showed resilient margins and bottom‑line performance, which prompted an initial rally after results. Why Cal‑Maine Foods Stock Won Big on Wednesday
• Positive Sentiment: Management highlights expanding specialty eggs and prepared‑foods segments that are reshaping the company’s earnings mix and helping to cushion swings in commodity egg pricing. Cal Maine Foods Deepens Integration As Specialty Eggs Reshape Earnings Profile
• Positive Sentiment: Board strengthened with the addition of an experienced independent director, a governance move investors view as supportive for strategy and capital allocation. Cal‑Maine Foods Welcomes Dudley D. Wooley to Board
• Neutral Sentiment: Wall Street reaction is mixed across food names after earnings; analysts see Cal‑Maine as a relative bright spot but the sector backdrop remains uncertain. What Wall Street Expects From These 3 Food Giants After Mixed Earnings
• Negative Sentiment: Sales plunged (~53% YoY) as conventional egg prices collapsed from last year’s highs, a top‑line hit that constrains upside despite the EPS beat. Cal‑Maine Foods Sales Sink on Lower Egg Prices
• Negative Sentiment: Coverage notes a pricing collapse that severely pressured revenue and year‑ago EPS (which was much higher), underscoring earnings volatility tied to commodity egg prices. Pricing Collapse Crushes EPS, But Diversifying Limits Damage
• Negative Sentiment: Context pieces show conventional egg prices tumbled as much as ~70% into Easter, pressuring industry revenue and likely prompting some investor profit‑taking after the post‑earnings pop. Just in time for Easter: Egg prices tumbled 70%

Analysts Set New Price Targets

CALM has been the subject of several research reports. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. BMO Capital Markets lowered their target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, March 25th. Stephens upped their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $93.00.

Cal-Maine Foods Stock Performance

The firm’s 50-day moving average price is $83.65 and its two-hundred day moving average price is $86.16. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 3.30 and a beta of 0.26.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. Cal-Maine Foods had a net margin of 27.37% and a return on equity of 44.55%. The firm had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. During the same period last year, the business earned $10.39 earnings per share. Cal-Maine Foods’s revenue was down 53.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $2.88 annualized dividend and a dividend yield of 3.7%. Cal-Maine Foods’s dividend payout ratio is 12.21%.

Institutional Trading of Cal-Maine Foods

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cal-Maine Foods by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock valued at $2,218,000 after acquiring an additional 1,057 shares during the last quarter. NewEdge Advisors LLC increased its stake in Cal-Maine Foods by 100.8% during the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,009 shares during the last quarter. United Services Automobile Association acquired a new stake in Cal-Maine Foods during the first quarter worth $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cal-Maine Foods by 10.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock valued at $7,765,000 after purchasing an additional 7,736 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Cal-Maine Foods by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 313,197 shares of the basic materials company’s stock valued at $31,204,000 after purchasing an additional 10,203 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Company Profile

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.