CALM · NASDAQ · Agricultural Farm Products

Cal-Maine Foods (CALM)

Producer of conventional and specialty eggs, egg products, and prepared breakfast foods.

$73.40
vs last close+0.87 (+1.20%)
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Cal-Maine Foods, Inc.CALM
Consumer Staples

Produces and distributes conventional and specialty shell eggs nationwide while adding egg products and prepared breakfast foods. Revenue comes mainly from U.S. retail and foodservice customers, with results shaped by egg and feed prices, flock health, and specialty-egg demand.

Produces, grades, packages, markets, and distributes conventional and specialty shell eggs to retail and foodservice customers nationwide. Specialty offerings span cage-free, nutritionally enhanced, organic, brown, pasture-raised, and free-range eggs.

Extends beyond shell eggs through egg products, hard-cooked eggs, and prepared foods such as egg patties, omelets, scrambled egg formats, pancakes, waffles, and wraps. Operations are now managed through three reportable segments: Conventional Shell Eggs, Specialty Shell Eggs, and Prepared Foods.

Runs a vertically integrated production and distribution network positioned near customers and has broadened the portfolio through acquisitions and capacity investments. Revenue is primarily U.S.-based, while results remain tied to shell-egg and feed-grain prices, flock health and biosecurity, and demand for cage-free and other specialty eggs.

Company facts

CEOSherman L. Miller
ListedDec 12, 1996
ExchangeNASDAQ
HeadquartersRidgeland, MS
CountryUnited States
Employees4,909
CIK0000016160
ISINUS1280302027

Market cap$3.40B
EPS (ttm)$6.55
P/E (ttm)11.07
ROE11.8%
P/B1.29
P/S1.17
Dividend yieldDiv yield6.63%
Beta−0.18vs XLP 0.70

Price target$90.00+24.1%Average of 9 analysts
ConsensusHold6 of 9 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 22, 2026StephensTarget
Target: $85
Target: $80
Sep 18, 2026Goldman SachsReiterate
Rating: Target: $110
Rating: NeutralTarget: $70
Sep 4, 2026StoneXDowngrade
Rating: Buy
Rating: Hold
Jul 13, 2026Wells FargoTarget
Target:
Target: $100
May 26, 2026RBC CapitalTarget
Target:
Target: $100

Next report
Sep 30, 26
in 8 days
EPS estimate
−$0.71
Revenue estimate
$578.5M
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Sep '26
Reported$4.47$10.38$7.04$4.12$2.13$1.06−$0.76Pending
Estimate$3.68$10.56$3.70$5.01$1.95$0.70$0.08−$0.71
Surprise+21.5%−1.7%+90.3%−17.8%+9.2%+52.3%−1,021.2%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Sep '26
Reported$954.7M$1.42B$1.10B$922.6M$769.5M$667.0M$552.6MPending
Estimate$689.2M$1.44B$883.7M$960.3M$796.6M$642.5M$563.8M$578.5M
Surprise+38.5%−1.7%+24.9%−3.9%−3.4%+3.8%−2.0%
Estimate−$0.71
ReportedDue Sep 30, 2026
Estimate$578.5M
ReportedDue Sep 30, 2026
View details

Debt to equity0.00%
Current ratio769.50%

ProfitabilityRevenueNet incomeNet margin

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$785.9M$954.7M$1.42B$1.10B$922.6M$769.5M$667.0M$552.6M
Net income$150.0M$219.1M$508.5M$342.5M$199.3M$102.8M$50.5M−$35.9M
Net margin19.1%22.9%35.9%31.0%21.6%13.4%7.6%0.0%

GrowthOperating income

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Operating income$187.0M$278.1M$635.7M$435.9M$249.3M$124.5M$36.0M−$59.5M
YoY growth+2,666.9%+1,853.5%+290.5%+206.5%+33.3%−55.2%−94.3%Turned loss

Balance sheet, May 30, 2026Cash & short-term investments $924.1M · Total debt $0 · Total assets $3.11B · Shareholders' equity $2.63B

Revenue
$552.6M
Operating income
−$59.5M
Net income
−$35.9M
View details

Dividend yield
6.63%
Next ex-date
Oct 29, 26
estimated · in 37 days
Annual dividend
$4.81
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Aug '24Oct '24Jan '25Apr '25Aug '25Oct '25Jan '26Apr '26
Dividend$0.77$1.019$1.489$3.495$2.354$1.378$0.723$0.357
Annual yield2.75%3.26%3.80%7.25%8.07%10.00%9.77%6.41%
Ex-dateAug 5Oct 30Jan 29Apr 30Aug 4Oct 29Jan 28Apr 29
Payment dateAug 20Nov 14Feb 13May 15Aug 19Nov 13Feb 12May 14
View details

Institutions96.54%45.29M shares
472 holders · as of Jun 30, 2026
Insiders16.98%7.96M shares
17 holders · as of Jun 24, 2026
Adds to113.52%

46.92M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 113.52%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.74%6.92Mas of Jun 30, 2026
Adolphus B. Baker, individually and in the capacities indicated hereinInsider
13.71%6.43Mfiled Aug 27, 2020
The Vanguard GroupInstitution
9.39%4.41Mfiled Mar 9, 2022
Vanguard Portfolio Management LLCInstitution
6.06%2.84Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
5.85%2.74Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Oct 2, 2025Keira L. Lombardoofficer: Chief Strategy Officer+2,800$92.36
View details

  • Post

    Major public rival in egg products and foodservice eggs

  • Vital Farms

    Premium specialty eggs and value-added egg products

  • Tyson Foods

    Adjacent prepared-foods rival in breakfast and foodservice

  • Conagra Brands

    Adjacent competitor in frozen and foodservice prepared foods

Compare

CompanyPriceChange
Cal-Maine Foods$73.40+1.20%$3.40B11.185.91.2−49.9%
Post$76.01+1.00%$3.41B13.810.80.4−1.8%
Vital Farms$11.44−6.50%$524.0M7,794.80.7−10.1%
Tyson Foods$52.05+0.05%$18.44B31.913.50.3−0.1%
Conagra Brands$14.78−0.54%$7.10B10.00.6+3.6%
Median22.912.20.5−1.0%