Bank of New York Mellon Corp reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 697,727 shares of the basic materials company’s stock after selling 61,583 shares during the quarter. Bank of New York Mellon Corp owned 1.47% of Cal-Maine Foods worth $55,225,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Cal-Maine Foods in the 4th quarter valued at $30,000. WealthCollab LLC grew its position in Cal-Maine Foods by 105.2% in the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after buying an additional 221 shares during the last quarter. National Bank of Canada FI acquired a new position in Cal-Maine Foods in the 3rd quarter valued at $42,000. Finally, Signaturefd LLC increased its stake in Cal-Maine Foods by 46.5% in the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.
Wall Street Analyst Weigh In Several research firms have recently commented on CALM. Stephens reduced their target price on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Wells Fargo & Company set a $100.00 price target on shares of Cal-Maine Foods in a report on Monday, July 13th. BMO Capital Markets raised their price objective on shares of Cal-Maine Foods from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. 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, the company currently has a consensus rating of “Hold” and an average price target of $94.71.
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Trending Headlines about Cal-Maine Foods Here are the key news stories impacting Cal-Maine Foods this week:
Positive Sentiment: BMO Capital Markets raised its price target on Cal-Maine Foods from $75 to $83, but kept a market perform rating, suggesting the firm sees some valuation support even though it still implies downside from the current share price. Benzinga article Neutral Sentiment: Cal-Maine Foods was the target of unusually large options trading, indicating heightened investor attention after earnings, but not necessarily a clear directional catalyst. American Banking News article Neutral Sentiment: Analysts and commentary around the results focused on whether CALM is fairly valued after the earnings report and on management’s discussion of revenue declines and diversification efforts. Yahoo Finance article Negative Sentiment: Media coverage emphasized the surprise Q4 loss, low egg prices, and a significant drop in sales and margins, reinforcing the core reason for the stock’s weakness. Motley Fool article Cal-Maine Foods Stock Performance NASDAQ:CALM opened at $88.14 on Friday. The stock has a fifty day moving average price of $80.30 and a two-hundred day moving average price of $80.42. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 13.46 and a beta of 0.25. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $119.17.
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last released its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). The business had revenue of $552.58 million during the quarter, compared to analyst estimates of $563.83 million. Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. Cal-Maine Foods’s revenue was down 49.9% compared to the same quarter last year. During the same period last year, the business posted $7.04 EPS.
Cal-Maine Foods Company Profile (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. 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.
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Cal-Maine Foods (NASDAQ:CALM) reported a sharp decline in fourth-quarter results as historically low conventional shell egg prices weighed on revenue and margins, while management emphasized progress in diversifying the company through specialty eggs and prepared foods.
President and CEO Sherman Miller said the company faced “one of the most difficult conventional egg pricing environments” it has experienced, driven by industry oversupply rather than weaker demand. He said the company continues to see favorable long-term demand fundamentals for eggs, citing household penetration above 97%, higher retail volume as prices have retreated, and continued consumer interest in protein, nutrition, convenience and value.
For the fourth quarter of fiscal 2026, Cal-Maine reported consolidated revenue of $552.6 million, down 49.9% from the prior-year period. Gross profit was $34.1 million, with a gross margin of 6.2%. The company posted an operating loss of $58.8 million and a net loss attributable to Cal-Maine Foods of $35.9 million, or a diluted loss of $0.76 per share.
New Segment Structure Highlights Shift in Business Mix Vice President and CFO Max Bowman said Cal-Maine revised its internal reporting in the fourth quarter to reflect how management now reviews the business. The company identified three reportable segments: Conventional Shell Eggs, Specialty Shell Eggs and Prepared Foods. Prior-year periods have been recast under the new structure.
The conventional shell egg segment generated fourth-quarter revenue of $210.8 million, down 70% year over year, with an operating loss of $40.6 million. Bowman said the segment reflected a pricing environment that declined steadily through fiscal 2026 and reached historically low inflation-adjusted levels in the fourth quarter.
The specialty shell egg segment reported fourth-quarter revenue of $239.7 million, down 21.4% from the prior year, with operating income of $17.5 million and an operating margin of 7.3%. Prepared foods revenue was $60.4 million, with operating income of $8.8 million and a 14.6% operating margin.
For the full fiscal year, consolidated revenue was $2.912 billion, down 31.7% from the prior year. Net income attributable to Cal-Maine Foods was $316.7 million, or $6.63 per diluted share. Conventional shell eggs generated full-year revenue of $1.348 billion and operating income of $216.6 million. Specialty shell eggs generated $1.070 billion in revenue and $181.5 million in operating income. Prepared foods generated $244.8 million in revenue and $33.9 million in operating income.
Management Points to Oversupply, Not Demand Weakness Miller said industry supply conditions remained elevated, referencing commentary from the American Egg Board and Urner Barry. He said the American Egg Board estimated the U.S. laying flock at 340 million to 347 million hens based on producer assessment data, materially above USDA’s published estimate.
However, Miller said early indicators suggest the market may be starting to rebalance, including slowing breeder activity, increased chick cancellations, softer hatchery demand and more aggressive flock rotations. If accurate, he said those developments are likely to tighten supply in the near term and could suggest moderation over coming quarters.
During the question-and-answer session, Miller said Cal-Maine’s conventional pricing arrangements remained steady, with about half of the business tied to market pricing and the other half tied to grain-based or hybrid structures. He said the company’s market realization was 102% of the Urner Barry market in the quarter, but the benchmark itself was at an “all-time low inflation-adjusted” level.
Miller also said highly pathogenic avian influenza remains an uncertainty, citing recent layer outbreaks in the U.S., continued presence in the U.S. dairy herd and outbreaks in Australia and South Korea. He said the issue should not be considered “a problem of the past.”
Prepared Foods Remains a Growth Focus Management highlighted prepared foods as a key part of Cal-Maine’s strategy to reduce earnings cyclicality and expand into higher-value consumer-facing markets. Prepared foods accounted for 10.9% of consolidated net sales in the fourth quarter and 8.4% for fiscal 2026. Combined specialty eggs and prepared foods represented 53% of fourth-quarter net sales and 44.4% of full-year net sales.
Miller said the company completed several strategic moves during fiscal 2026, including the acquisition of certain assets of Creighton Brothers LLC and affiliates, as well as the Van’s Foods brand acquisition. Subsequent to fiscal year-end, Cal-Maine also expanded its Eggland’s Best franchise territory in the Northeast.
The company announced a new $54 million investment to expand prepared foods production capacity, which Miller said is expected to add about 30% incremental capacity to the segment beginning in the first half of fiscal 2028. Together with previously announced organic capacity growth and capacity added through the Van’s acquisition, management expects prepared foods production capacity to increase more than 60% from the end of fiscal 2026 through the first half of fiscal 2028.
John Zoeller, CFO of Prepared Foods, said previously announced capacity additions for pancakes, scrambled eggs and Crepini products remain on track, with some capacity expected to come online in fiscal 2027 and additional growth continuing into fiscal 2028. He said the newly announced $54 million investment is expected to begin contributing around mid-fiscal 2028.
Balance Sheet, Buybacks and Dividend Policy Bowman said Cal-Maine ended the quarter with $924.1 million in cash and temporary cash investments and remained virtually debt-free. Net cash flow from operations for the quarter was $2.8 million, down 99.3%.
The company repurchased 396,083 shares during the quarter for $30.1 million. Bowman said $320.7 million remains available under the company’s $500 million share repurchase authorization.
Under Cal-Maine’s variable dividend policy, the company will not pay a cash dividend for the fourth quarter or for any subsequent profitable quarter until it is profitable on a cumulative basis from the most recent quarter for which a dividend was paid. As of May 30, 2026, Bowman said the cumulative loss to be recovered before payment of a dividend was $35.9 million.
Company Sees Improving Conditions Beyond Early Fiscal 2027 Looking ahead, Miller said market prices averaged $0.72 during the first five weeks of the first quarter of fiscal 2027, about 54% below the comparable period in the fourth quarter of fiscal 2026. He described that period as part of the seasonal trough typical of June and July.
More recently, Miller said pricing had strengthened by more than 90% in only a few weeks. He said early indications point to an improving supply-demand balance and a more constructive egg pricing environment heading into the fall, historically a seasonally stronger period.
Miller said Cal-Maine’s long-term strategy is not dependent on any single market environment. He said the company remains focused on disciplined capital allocation, operational execution, specialty egg growth and building a prepared foods platform that extends its egg-focused business into additional product formats and consumption occasions.
About Cal-Maine Foods (NASDAQ:CALM) 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.
3 Dividend Stocks With Growth Potential You Can’t MissCal-Maine Foods NASDAQ: CALM reported a sharp decline in fourth-quarter results as historically low conventional shell egg prices weighed on revenue and margins, while management emphasized progress in diversifying the company through specialty eggs and prepared foods.
President and CEO Sherman Miller said the company faced “one of the most difficult conventional egg pricing environments” it has experienced, driven by industry oversupply rather than weaker demand. He said the company continues to see favorable long-term demand fundamentals for eggs, citing household penetration above 97%, higher retail volume as prices have retreated, and continued consumer interest in protein, nutrition, convenience and value.
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Cal-Maine Foods: A Defensive Play With a Cage-Free FutureFor the fourth quarter of fiscal 2026, Cal-Maine reported consolidated revenue of $552.6 million, down 49.9% from the prior-year period. Gross profit was $34.1 million, with a gross margin of 6.2%. The company posted an operating loss of $58.8 million and a net loss attributable to Cal-Maine Foods of $35.9 million, or a diluted loss of $0.76 per share.
New Segment Structure Highlights Shift in Business Mix Vice President and CFO Max Bowman said Cal-Maine revised its internal reporting in the fourth quarter to reflect how management now reviews the business. The company identified three reportable segments: Conventional Shell Eggs, Specialty Shell Eggs and Prepared Foods. Prior-year periods have been recast under the new structure.
Egg Prices Surge: 3 Stocks Set to Benefit from Rising PPI TrendsThe conventional shell egg segment generated fourth-quarter revenue of $210.8 million, down 70% year over year, with an operating loss of $40.6 million. Bowman said the segment reflected a pricing environment that declined steadily through fiscal 2026 and reached historically low inflation-adjusted levels in the fourth quarter.
The specialty shell egg segment reported fourth-quarter revenue of $239.7 million, down 21.4% from the prior year, with operating income of $17.5 million and an operating margin of 7.3%. Prepared foods revenue was $60.4 million, with operating income of $8.8 million and a 14.6% operating margin.
For the full fiscal year, consolidated revenue was $2.912 billion, down 31.7% from the prior year. Net income attributable to Cal-Maine Foods was $316.7 million, or $6.63 per diluted share. Conventional shell eggs generated full-year revenue of $1.348 billion and operating income of $216.6 million. Specialty shell eggs generated $1.070 billion in revenue and $181.5 million in operating income. Prepared foods generated $244.8 million in revenue and $33.9 million in operating income.
Management Points to Oversupply, Not Demand Weakness Miller said industry supply conditions remained elevated, referencing commentary from the American Egg Board and Urner Barry. He said the American Egg Board estimated the U.S. laying flock at 340 million to 347 million hens based on producer assessment data, materially above USDA’s published estimate.
However, Miller said early indicators suggest the market may be starting to rebalance, including slowing breeder activity, increased chick cancellations, softer hatchery demand and more aggressive flock rotations. If accurate, he said those developments are likely to tighten supply in the near term and could suggest moderation over coming quarters.
During the question-and-answer session, Miller said Cal-Maine’s conventional pricing arrangements remained steady, with about half of the business tied to market pricing and the other half tied to grain-based or hybrid structures. He said the company’s market realization was 102% of the Urner Barry market in the quarter, but the benchmark itself was at an “all-time low inflation-adjusted” level.
Miller also said highly pathogenic avian influenza remains an uncertainty, citing recent layer outbreaks in the U.S., continued presence in the U.S. dairy herd and outbreaks in Australia and South Korea. He said the issue should not be considered “a problem of the past.”
Prepared Foods Remains a Growth Focus Management highlighted prepared foods as a key part of Cal-Maine’s strategy to reduce earnings cyclicality and expand into higher-value consumer-facing markets. Prepared foods accounted for 10.9% of consolidated net sales in the fourth quarter and 8.4% for fiscal 2026. Combined specialty eggs and prepared foods represented 53% of fourth-quarter net sales and 44.4% of full-year net sales.
Miller said the company completed several strategic moves during fiscal 2026, including the acquisition of certain assets of Creighton Brothers LLC and affiliates, as well as the Van’s Foods brand acquisition. Subsequent to fiscal year-end, Cal-Maine also expanded its Eggland’s Best franchise territory in the Northeast.
The company announced a new $54 million investment to expand prepared foods production capacity, which Miller said is expected to add about 30% incremental capacity to the segment beginning in the first half of fiscal 2028. Together with previously announced organic capacity growth and capacity added through the Van’s acquisition, management expects prepared foods production capacity to increase more than 60% from the end of fiscal 2026 through the first half of fiscal 2028.
John Zoeller, CFO of Prepared Foods, said previously announced capacity additions for pancakes, scrambled eggs and Crepini products remain on track, with some capacity expected to come online in fiscal 2027 and additional growth continuing into fiscal 2028. He said the newly announced $54 million investment is expected to begin contributing around mid-fiscal 2028.
Balance Sheet, Buybacks and Dividend Policy Bowman said Cal-Maine ended the quarter with $924.1 million in cash and temporary cash investments and remained virtually debt-free. Net cash flow from operations for the quarter was $2.8 million, down 99.3%.
The company repurchased 396,083 shares during the quarter for $30.1 million. Bowman said $320.7 million remains available under the company’s $500 million share repurchase authorization.
Under Cal-Maine’s variable dividend policy, the company will not pay a cash dividend for the fourth quarter or for any subsequent profitable quarter until it is profitable on a cumulative basis from the most recent quarter for which a dividend was paid. As of May 30, 2026, Bowman said the cumulative loss to be recovered before payment of a dividend was $35.9 million.
Company Sees Improving Conditions Beyond Early Fiscal 2027 Looking ahead, Miller said market prices averaged $0.72 during the first five weeks of the first quarter of fiscal 2027, about 54% below the comparable period in the fourth quarter of fiscal 2026. He described that period as part of the seasonal trough typical of June and July.
More recently, Miller said pricing had strengthened by more than 90% in only a few weeks. He said early indications point to an improving supply-demand balance and a more constructive egg pricing environment heading into the fall, historically a seasonally stronger period.
Miller said Cal-Maine’s long-term strategy is not dependent on any single market environment. He said the company remains focused on disciplined capital allocation, operational execution, specialty egg growth and building a prepared foods platform that extends its egg-focused business into additional product formats and consumption occasions.
About Cal-Maine Foods (NASDAQ:CALM)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.
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RIDGELAND, Miss., July 22, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (Nasdaq: CALM) (“Cal-Maine Foods,” “we,” “us,” “our” or the “company”), the largest egg company in the United States and a leading player in the egg-based food industry, today reported results for its fourth quarter and fiscal year ended May 30, 2026. Unless otherwise indicated, all comparisons are to the comparable period of fiscal 2025.
Financial Highlights
(in thousands except per share amounts and percentages) Fourth QuarterFiscal Year 2026 2025 $ Change % Change2026 2025 $ Change % ChangeNet sales$552,581 $1,103,658 $(551,077) (49.9)%$2,911,632 $4,261,885 $(1,350,253) (31.7)%Gross profit$34,066 $531,510 $(497,444) (93.6)%$672,049 $1,850,885 $(1,178,836) (63.7)%Operating income (loss)$(58,811) $435,851 $(494,662) (113.5)%$350,186 $1,536,539 $(1,186,353) (77.2)%Net income attributable to Cal-Maine Foods, Inc.$(35,876) $342,475 $(378,351) (110.5)%$316,682 $1,220,048 $(903,366) (74.0)%Income (loss) per share - diluted$(0.76) $7.01 $(7.77) (110.8)%$6.63 $24.95 $(18.32) (73.4)% Strategic Execution Highlights
Continued focus on sales diversification and mix shift, expected to strengthen earnings durability and predictability over time In the fourth quarter of fiscal 2026: Prepared Foods accounted for 10.9% of net salesCombined, Specialty Shell Eggs and Prepared Foods increased to 53.0% of net sales In fiscal 2026: Prepared Foods accounted for 8.4% of net salesCombined, Specialty Shell Eggs and Prepared Foods grew to 44.4% of net sales Acquired certain assets of Creighton Brothers LLC and its affiliates, intended to further enhance vertically integrated operating model and strengthen connectivity across shell egg and prepared foods value chainAcquired the Van’s® brand, aimed at accelerating strategic evolution into value-added, consumer-facing prepared foods and further diversifying earnings profileSubsequent to fiscal year-end: Acquired additional Eggland’s Best® franchise territory in Northeast, expanding the company's distribution footprint and increasing its specialty shell egg category penetration across one of the nation’s largest, highest-income consumer marketsAnnounced new $54 million investment to further expand Prepared Foods production capacity: Expected to add approximately 30% incremental production capacity beginning in the first half of fiscal 2028Builds on previously announced 30% organic capacity growth and 6% Van’s® acquisition-driven capacity growthPrepared Foods production capacity projected to increase by over 60% from the end of fiscal 2026 through the first half of fiscal 2028 Commentary
Sherman Miller, president and chief executive officer of Cal-Maine Foods, said, “Fiscal 2026, culminating in a particularly challenging fourth quarter, reinforced the importance of our strategy to enhance the structural mix of our business, expand our portfolio of products that support more stable and predictable financial performance, and reposition our pricing structure by reducing the impact of market-based pricing. Equally important has been maintaining a strong balance sheet, which provides the financial flexibility to navigate market cyclicality while supporting our long-term strategic priorities.
“During the quarter, industry oversupply drove wholesale shell egg prices to historically low inflation-adjusted levels. This dynamic was largely supply-driven rather than demand-driven, and we continue to see favorable long-term demand fundamentals across our end markets. The sustained trough pricing environment in the quarter provides a valuable stress-case reference point, demonstrating the resilience built through our strategic actions to date while highlighting the meaningful upside opportunity as our initiatives continue to mature.
“We are proud of the progress we have made this year executing our strategy. We are advancing our Prepared Foods network optimization and expansion initiatives on schedule, driving improved operating performance and sequential margin improvement in the quarter. We delivered Specialty Shell Egg volume growth for the full fiscal year with broad-based gains across subcategories. Notably, Specialty Shell Eggs plus Prepared Foods represented more than half of our net sales for the fourth quarter of fiscal 2026.”
New Reportable Operating Segments
Cal-Maine Foods previously operated as one operating and one reportable segment. Effective in the fourth quarter of fiscal 2026, the company implemented a new operating segment structure designed to better align with how management reviews operating results and makes decisions about resource allocation and strategic initiatives.
Cal-Maine Foods’ reportable operating segments now consist of the following:
Conventional Shell EggsSpecialty Shell EggsPrepared Foods Cal-Maine Foods’ remaining operations, which include co-pack shell eggs, egg products, hard-cooked eggs and other business activities, are not reportable segments, as defined by the applicable accounting standard. All prior fiscal year periods have been recast to reflect the new reportable segments, and such recast information is included in the schedules accompanying this release.
Fourth quarter and full-year performance reflected an egg pricing environment that deteriorated throughout fiscal 2026, with egg prices reaching historically low inflation-adjusted levels in the fourth quarter and remaining well below the record-high prices of the prior fiscal year. Market conditions were driven by elevated supply, resulting in low pricing. During fiscal 2026, supply increased to levels that left the market abundantly supplied, a sharp contrast to the severe shortages experienced in the prior fiscal year. In addition, the fourth and first fiscal quarters are typically the seasonally lowest periods for pricing, even under more normal supply conditions.
These headwinds were partially offset by the benefits of existing grain-based and hybrid pricing arrangements with certain customers and rigorous commercial execution. Volume increased 3.1% in the fourth quarter and was relatively flat for the fiscal year, indicating that lower results were driven by pricing rather than demand. Average selling price per dozen decreased 70.9% in the fourth quarter and 50.9% for the fiscal year. Margins declined due to substantially lower pricing, partially offset by improved price realization relative to both the prior-year fourth quarter and preceding quarter.
Specialty Shell Eggs
Fourth quarter volumes were more consistent with historical seasonal patterns, underlying demand, and typical pricing relationships across adjacent categories. Volumes decreased 5.9% in the fourth quarter primarily due to an unusually strong prior-year comparison, which benefited from temporary demand acceleration driven by an atypical pricing relationship with conventional shell eggs. The average selling price per dozen for the fourth quarter decreased 16.5%, driven by supply-side dynamics.
As a result, the quarter reflects a seasonal reversion from an exceptionally strong prior-year period, while the broader segment continues to benefit from stable long-term pricing and favorable demand fundamentals. For the fiscal year, volume increased 2.4% despite more typical pricing dynamics, an encouraging result that reflects resilient consumer demand and the strength of the company’s commercial execution. The average selling price per dozen for the fiscal year decreased 9.5%. Margins declined in both the fourth quarter and fiscal year, primarily due to pricing that remained below the elevated prior-year levels and lower volumes in the fourth quarter.
Prepared Foods
For the fourth quarter, results reflected continued execution of previously announced network optimization and expansion initiatives. As these initiatives advanced on schedule, higher production improved utilization and fixed-cost absorption, driving stronger operating performance and sequential margin improvement. Sales prices and volume increased compared to the third quarter of fiscal 2026. The integration of Van’s® progressed in line with expectations, with early results demonstrating strong performance. The Crepini® joint venture continued to exhibit robust growth momentum, reinforcing the company’s ability to scale high-performing brands and products.
Outlook
Mr. Miller commented, "Looking ahead, we believe we are increasingly well positioned as market conditions improve, particularly as we move beyond our first quarter. During the first five weeks of our first quarter, Urner Barry reported that market prices averaged just $0.72, approximately 54% below the comparable period in our fourth quarter. More recently, Urner Barry has reported that pricing has strengthened, increasing by more than 90% in only a few weeks. Early indications point to improving supply-demand balance, supporting a more constructive egg pricing environment heading into the fall, which is historically a seasonally stronger period.
“More importantly, we believe the strategy we have been executing is beginning to gain traction. A key component of this strategy is expanding our presence in categories with attractive long-term growth opportunities and strong market positioning.
“We are excited about the expansion of our Eggland’s Best® franchise territory in the Northeast, which provides us with the right to distribute and sell Eggland’s Best® and Land O’Lakes® branded eggs in Maine, Massachusetts, New Hampshire, Rhode Island, and select key areas in Vermont, New York, and Connecticut. This expansion is expected to increase our Specialty Shell Egg volume by approximately 5% annually, and further strengthens our position in an important growth market.
“We are also advancing our long-term growth strategy with a new $54 million investment to further expand our Prepared Foods production capacity. This investment will add approximately 30% incremental production beginning in the first half of fiscal 2028, strengthening our business with a more durable, predictable, and diversified revenue and earnings profile. Together with our previously announced 30% organic capacity growth and 6% Van’s® acquisition-driven capacity growth, Prepared Foods production capacity will increase over 60% from the end of fiscal 2026 through the first half of fiscal 2028.
“We are still in the early stages of our evolution, with substantial runway to grow our value-added businesses through both organic expansion and targeted acquisitions. As our portfolio continues to mature, we expect a greater share of earnings to come from higher-quality, less cyclical sources, creating a more consistent earnings profile and positioning the company for sustainable growth and long-term shareholder value creation.”
Share Repurchase Update
Cal-Maine Foods repurchased 396,083 shares of its common stock under the company’s current share repurchase authorization during the fourth quarter for a total of $30.1 million. The repurchase program permits the company to repurchase up to $500 million, of which $320.7 million remains available.
Dividend Payment
Pursuant to the company’s variable dividend policy, Cal-Maine Foods will not pay a cash dividend for the fourth quarter and will not pay a dividend for a subsequent profitable quarter until the company is profitable on a cumulative basis computed from the date of the last quarter in which a dividend was paid. As of May 30, 2026, the total cumulative loss to be recovered before payment of any future dividends under our variable dividend policy was $35.9 million.
Conference Call and Webcast
Management will host a conference call and webcast at 9:00 a.m. ET on July 22, 2026. Participants can access the live webcast on the Investor Relations page of the Cal-Maine Foods website at https://www.calmainefoods.com/events-presentations. To join by telephone, participants can register here. Upon registration, participants will receive a confirmation email with detailed instructions, including a dial-in number, unique passcode, and registrant ID. A replay of the webcast will be available for 30 days following the call on the Investor Relations page of the Cal-Maine Foods website at https://www.calmainefoods.com/events-presentations.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (Nasdaq: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, Van’s®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
Forward Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current intent, belief, expectations, estimates and projections regarding our Company and our industry. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, (i) the risk factors set forth the company’s SEC Filings (including its Annual Report on Form 10-K, as updated in Part II Item 1A of the company’s quarterly reports on Form 10-Q and Current Reports on Form 8-K), (ii) changes in wholesale shell egg market prices, (iii) changes in the demand for shell eggs and our prepared foods offerings, (iv) increases in feed costs for our shell egg operations as well as increases in input costs for prepared foods, (v) our ability to predict and meet demand for cage-free and other specialty shell eggs, (vi) the risks and hazards inherent in shell egg, egg products and prepared foods operations (including, as applicable, disease, pests, weather conditions, and potential for product recall), including but not limited to the current outbreak of HPAI affecting poultry in the U.S., Canada and other countries that was first detected in commercial flocks in the U.S. in February 2022 and that impacted our flocks in the third and fourth quarters of fiscal 2024 and again in March 2026, (vii) risks, changes, or obligations that could result from our recent or future acquisition of new flocks or businesses, such as our acquisition of Echo Lake Foods completed June 2, 2025, and risks or changes that may cause conditions to completing a pending acquisition not to be met, (viii) our ability to successfully integrate and manage recently acquired businesses like Echo Lake Foods and realize the expected benefits of such acquisitions, including synergies, cost savings, reduction in earnings volatility, margin expansion, financial returns, expanded customer relationships, or sales or growth opportunities, (ix) our ability to produce, supply and distribute shell eggs and prepared foods efficiently and reliably, (x) our ability to compete effectively with existing competitors and new market entrants, retain existing customers, acquire new customers and grow our product mix including our prepared foods product offerings, (xi) the impacts of government, customer and consumer reactions to high market prices for eggs, including, without limitation, potential new or expanded government regulations, (xii) risks relating to potential changes in inflation, interest rates and trade and tariff policies, (xiii) the loss or expiration of any registered trademarks or other intellectual property that we use in our business, (xiv) adverse results in pending litigation and other legal matters, and (xv) global instability, including as a result of geopolitical conflicts and other uncertainties. The Company’s SEC filings may be obtained from the SEC or the company’s website, www.calmainefoods.com. Readers are cautioned not to place undue reliance on forward-looking statements because, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, forward-looking statements included herein are made only as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any intent or obligation to update publicly these forward-looking statements, whether because of new information, future events, or otherwise.
CAL-MAINE FOODS, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(Unaudited)
(In thousands, except per share amounts)SUMMARY STATEMENTS OF INCOME
13 Weeks Ended 52 Weeks Ended May 30, 2026 May 31, 2025 May 30, 2026 May 31, 2025Net sales $552,581 $1,103,658 $2,911,632 $4,261,885 Cost of sales 518,515 572,148 2,239,583 2,411,000 Gross profit 34,066 531,510 672,049 1,850,885 Selling, general and administrative 93,586 94,917 329,291 314,449 (Gain) loss on involuntary conversions (851) — (8,819) 156 (Gain) loss on disposal of fixed assets 142 742 1,391 (259)Operating income (loss) (58,811) 435,851 350,186 1,536,539 Other income, net 12,285 17,348 60,818 66,603 Income (loss) before income taxes (46,526) 453,199 411,004 1,603,142 Income tax expense (benefit) (11,486) 111,069 92,892 384,910 Net income (loss) (35,040) 342,130 318,112 1,218,232 Less: Income (loss) attributable to noncontrolling interest 836 (345) 1,430 (1,816)Net income (loss) attributable to Cal-Maine Foods, Inc. $(35,876) $342,475 $316,682 $1,220,048 Net income (loss) per common share: Basic $(0.76) $7.03 $6.65 $25.04 Diluted $(0.76) $7.01 $6.63 $24.95 Weighted average shares outstanding: Basic 47,000 48,696 47,650 48,719 Diluted 47,000 48,821 47,781 48,891 CAL-MAINE FOODS, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(Unaudited)
(In thousands)SUMMARY BALANCE SHEETS
May 30, 2026
May 31, 2025
ASSETS Cash and short-term investments $924,057 $1,392,100 Receivables, net 264,431 272,361 Inventories, net 375,265 295,670 Prepaid expenses and other current assets 17,789 7,979 Current assets 1,581,542 1,968,110 Property, plant and equipment, net 1,318,335 1,026,684 Other noncurrent assets 207,693 89,825 Total assets $3,107,570 $3,084,619 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable and accrued expenses $205,516 $194,208 Dividends payable — 114,163 Current liabilities 205,516 308,371 Deferred income taxes and other liabilities 261,522 210,233 Stockholders' equity 2,640,532 2,566,015 Total liabilities and stockholders' equity $3,107,570 $3,084,619 CAL-MAINE FOODS, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(Unaudited)
(In thousands)SUMMARY SEGMENT INCOME
Bessemer Group Inc. raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 60.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,116 shares of the basic materials company’s stock after purchasing an additional 22,233 shares during the quarter. Bessemer Group Inc. owned 0.12% of Cal-Maine Foods worth $4,680,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Cal-Maine Foods by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 87,853 shares of the basic materials company’s stock worth $7,323,000 after acquiring an additional 8,283 shares in the last quarter. Independent Financial Group LLC purchased a new stake in Cal-Maine Foods during the first quarter worth about $1,194,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Cal-Maine Foods by 28.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,774 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 1,051 shares during the period. Principal Financial Group Inc. lifted its position in shares of Cal-Maine Foods by 5.8% during the first quarter. Principal Financial Group Inc. now owns 308,580 shares of the basic materials company’s stock worth $24,424,000 after purchasing an additional 16,901 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Cal-Maine Foods by 11,570.6% during the first quarter. Fifth Third Bancorp now owns 46,799 shares of the basic materials company’s stock worth $3,704,000 after purchasing an additional 46,398 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cal-Maine Foods in a report on Wednesday, July 8th. Stephens reduced their target price on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. BMO Capital Markets cut their price objective on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Finally, Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Cal-Maine Foods has an average rating of “Hold” and an average target price of $94.29.
View Our Latest Research Report on CALM
Cal-Maine Foods Trading Down 0.1% Shares of CALM opened at $88.42 on Tuesday. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40. The firm’s fifty day simple moving average is $79.76 and its 200-day simple moving average is $80.24. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 6.16 and a beta of 0.25.
Cal-Maine Foods Company Profile (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. 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.
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HomeInvestingStocksMark HulbertMark HulbertThink large caps are still the best bet? The data say you are looking in the wrong place.July 15, 2026, 1:47 p.m. ET
Look for small-cap U.S. stocks to continue beating the largest stocks.
That’s because small-cap relative strength trends tend to persist, and U.S. small-cap stocks have beaten the largest caps for over a year. Over the past 12 months (through July 10), the Russell 2000 index RUT, which represents small- and midcap stocks, produced a total return of 20.7%, versus 11.3% for the large-cap-dominated S&P 500 SPX.
[url="]The Schall Law Firm[/url], a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cal-Maine F
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
July 06, 2026 16:30 ET | Source: Cal-Maine Foods, Inc.
RIDGELAND, Miss., July 06, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (Nasdaq: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced it will report results for its fourth quarter and fiscal year 2026 at approximately 6:00 a.m. ET on Wednesday, July 22, 2026. The earnings release will be available on the Cal-Maine Foods website at https://www.calmainefoods.com/press-releases.
Management will review the results during a conference call and webcast at 9:00 a.m. ET the same day. Participants can access the live webcast on the Investor Relations page of the Cal-Maine Foods website at https://www.calmainefoods.com/events-presentations.
To join by telephone, participants can register in advance here. Upon registering, participants will receive the dial-in info and a unique PIN to join the call, as well as an email confirmation with the details.
A replay of the webcast will be available following the call on the Investor Relations page of the Cal-Maine Foods website at https://www.calmainefoods.com/events-presentations.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (Nasdaq: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, Van’s®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
SummaryCal-Maine Foods is a dominant industry player with strong moats, scale, and a robust balance sheet but faces significant earnings cyclicality.CALM benefits from its low-cost position, recent acquisitions, and product mix improvements, especially the secular growth in specialty eggs.Valuation assumes a mid-cycle scenario: ~$3.5B revenue, 8–10% net margin, and an earnings yield of 7–9%, with upside from internal initiatives.I initiate CALM with a 'Buy' rating, citing an attractive margin of safety and internal tailwinds despite inherent commodity-driven volatility.Kathrin Ziegler/DigitalVision via Getty Images
Cal-Maine (CALM) is a complex case. There is a strong duality in this company because, on one hand, it can be treated as a quality compounder. There are many moats, a lot of scale, dividends, buybacks, and a very healthy capital structure.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Three of the US’s major egg producers had been artificially inflating prices of the shelled food — spiking Americans’ grocery bills for months — and will now be forced to pay $3.3 million for their dirty business dealings after reaching a proposed settlement with the Justice Department and 17 states.
Big egg companies Cal-Maine Foods, Versova, and Hickman’s Egg Ranch will be forced to fork over the cash and donate 53 million eggs in the settlement — 4.9 million of which will be delivered to food banks and organizations serving New Yorkers, New York Attorney General Letitia James announced Monday.
Three major egg producers will have to shell out a combined $3.3 million and 53 million eggs for secretly communicating to inflate the daily egg price index between June 2022 and March 2025. AP Photo/Erin Hooley A bipartisan investigation led by James’ office and the DOJ, which began over a year ago, revealed that the top egg producers had been in cahoots and “secretly communicated” with each other to inflate the daily egg price index between June 2022 and March 2025.
A December 2022 email even caught Hickman’s CEO emailing Versova and Cal-Maine executives to urge them to submit “strong bids, early and often” to boost the cost of the grocery staple, all while Americans were struggling to put food on the table, prosecutors said.
The DOJ’s complaint showed that executives used “spoofing-like tactics” in which a trader places buy or sell orders in hopes of moving the price, then cancels them before they are filled, the Wall Street Journal reported.
The scheme was carried out while eggs were scarce and carton prices soared to record highs, the outlet reported. In late 2022, Midwest large egg prices skyrocketed to $5.36 per dozen amid a historic bird flu epidemic, the outlet reported.
The scheme was carried out while eggs were scarce and carton prices soared to record highs due to bird flu outbreaks Helayne Seidman Prices continued to climb during additional outbreaks in 2024 and 2025, which decimated the hen population.
In January 2025, restaurant owners struggled to stay afloat after the average price of a dozen eggs spiked to nearly $9 — up 70% from the year before.
A month later, New York City bodegas even started selling “loosie”-style eggs — à la notorious single cigarettes — as bird flu shortages drove prices out of control.
The proposed settlements — which will have to be approved by a federal judge — will force the three companies to end price-manipulation tactics, adopt compliance measures, and fully cooperate with state oversight, the DOJ announced on Tuesday.
The attorneys general in New York, Arizona, California, Colorado, Connecticut, Florida, Hawaii, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, Texas, Utah, and Vermont all worked to secure the settlement.
“When powerful corporations collude behind the scenes to raise prices, working families suffer the costs,” James said in a statement.
The three companies have denied wrongdoing. Paul Martinka “These egg producers manipulated the market to squeeze even more profit out of consumers and businesses. By shutting this scheme down and delivering millions of eggs to those in need, we’re sending a clear message that companies will not get away with illegal price hikes in New York.”
Mississippi-based Cal-Maine Foods, the largest US egg company, said in a statement that it “denies all wrongdoing and violations of law, continues to believe that such claims are baseless and that its conduct was lawful, appropriate and in the best interest of supplying eggs to the marketplace.”
“We are pleased that this agreement enables us to move forward so we can devote our full attention to what matters most: delivering affordable, high-quality eggs and egg-based prepared foods to consumers nationwide, while helping ensure a reliable domestic supply of a nutritious, everyday staple that families depend on,” Sherman Miller, president and CEO of Cal-Maine Foods, added in a statement.
Top five Iowa-based egg producer Versova also denied wrongdoing. Hickman, a smaller company now owned by meatpacking giant JBS and Brazilian egg supplier Mantiqueira, claimed the scandal occurred before it acquired the company in late 2025, the Journal reported.
June 29, 2026 22:45 ET | Source: Cal-Maine Foods, Inc.
RIDGELAND, Miss., June 29, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (“Cal-Maine” or “the Company”) (Nasdaq: CALM) today announced that it has reached an agreement to resolve the claims of the U.S. Department of Justice (DOJ) and 17 states' attorneys general against the Company, subject to applicable approvals and court procedures. The agreement follows a 15-month-long investigation by the DOJ that centered broadly on whether egg producers that had organized a cooperative to supply eggs to customers in compliance with cage-free requirements in certain markets were attempting to manipulate an industry price index by sharing information about bidding activities. Cal-Maine was a member of the cooperative, but exited in May 2024, prior to and unrelated to the initiation of the DOJ’s investigation.
Cal-Maine cooperated fully in the comprehensive review process. The Company denies all wrongdoing and violations of law and continues to believe that such claims are baseless and that its conduct was lawful, appropriate and in the best interest of supplying eggs to the marketplace. Cal-Maine further maintains that the Company's communications cited in the complaint – which were made primarily by a single former employee – did not impact egg prices in any market.
Under the terms of the agreement, Cal-Maine was not assessed any fines or penalties and has agreed to implement certain compliance and reporting measures. With respect to claims by the states’ attorneys general, Cal-Maine agreed to donate 30 million eggs, supplementing its contributions to food banks and non-profits across the country as part of the Company’s long-standing commitment to communities in need. In addition, Cal-Maine agreed to pay a total of $1.5 million to such states to resolve this matter.
“We are pleased that this agreement enables us to move forward so we can devote our full attention to what matters most: delivering affordable, high-quality eggs and egg-based prepared foods to consumers nationwide, while helping ensure a reliable domestic supply of a nutritious, everyday staple that families depend on,” said Sherman Miller, president and chief executive officer of Cal-Maine Foods.
“As farmers, we face extreme variability across supply and demand in dynamic and often unpredictable markets, and the ability to navigate that delicate balance is what makes farmers so valuable to U.S. food security. The period reviewed by the DOJ was a particularly challenging time. Temporary supply shocks, including in connection with multiple outbreaks of avian influenza, the COVID-19 pandemic, weather and other market dynamics – compounded by high inflation at the time – caused egg prices to surge periodically over the past five years.
Miller continued, “In order to help customers avoid empty shelves, Cal-Maine took numerous steps to protect and grow its hen flock during this period, including investing more than $88 million in industry-leading biosecurity since 2015 and significantly increasing the number of total chicks hatched. As bird-health issues resolved and supply recovered, the market has flipped: today, egg supply is higher and wholesale egg prices are now at record lows. We will continue to manage highs and lows to proudly help our customers keep shelves stocked to feed Americans.
Miller concluded, “Our values drive everything we do at Cal-Maine, and being a good partner to our valued customers is core to how we do business. That’s why we regularly review and strengthen the way we work across operations, governance, compliance, and safety. We have robust compliance policies and training in place and hold ourselves to the highest standards.”
About Cal-Maine Foods
Cal-Maine Foods, Inc. (Nasdaq: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine provides nutritious, affordable, and sustainable protein to millions of households every day.
The Company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, Van’s®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
Forward-Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current intent, belief, expectations, estimates, and projections regarding the Company’s agreement with the DOJ. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions, and other factors that are difficult to predict and may be beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, the Company’s ability to obtain court approval of the its agreement with the DOJ as well as] the risk factors set forth in the Company’s SEC filings (including its Annual Report on Form 10-K, as updated in Part II Item 1A of the Company’s Quarterly Reports on Form 10-Q and in its Current Reports on Form 8-K). The Company’s SEC filings may be obtained from the SEC or the Company’s website, www.calmainefoods.com. Readers are cautioned not to place undue reliance on forward-looking statements because, while the company believes the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, forward-looking statements included herein are made only as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, the Company disclaims any intent or obligation to update publicly these forward-looking statements, whether because of new information, future events, or otherwise.
RIDGELAND, Miss., June 23, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (Nasdaq: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced the appointment of Haley R. Fisackerly and Michael J. Highfield as independent members of its Board of Directors, effective June 23, 2026. Concurrently with these appointments, the Board was increased from eight to ten directors.
The appointment of Haley and Mike further strengthens the Board's collective expertise as the company expands its business, pursues new opportunities, and executes its long-term strategic objectives.
“Haley and Mike are accomplished leaders whose experience, judgment, and strategic perspectives will be tremendous assets to our Board and our shareholders,” said Dolph Baker, Board Chair of Cal-Maine Foods. “As Cal-Maine continues its evolution into a more diversified egg-based food company, their expertise in operations, infrastructure, economic development, finance, capital markets, and organizational leadership will help support our continued momentum and long-term value creation.”
Haley R. Fisackerly
Mr. Fisackerly brings more than three decades of leadership experience in utility operations, regulatory affairs, customer service, public policy, and economic development. Mr. Fisackerly currently serves as President and Chief Executive Officer of Entergy Mississippi, LLC. Since assuming his current role in 2008, he has led significant operational, infrastructure, and economic development initiatives. He currently serves on the board of BankFirst Financial Services.
Michael J. Highfield, Ph.D., CFA, CTP, ChBP
Dr. Highfield brings more than two decades of experience in finance, banking, capital markets, governance, and executive leadership. He currently serves as the Provost and Executive Vice President of Mississippi Christian University, where he is responsible for academic strategy, institutional effectiveness, accreditation, and long-term planning. He previously served as Professor of Finance and Head of the Department of Finance and Economics at Mississippi State University and was recently named the next President and Chief Academic Officer of the Graduate School of Banking at LSU. He is a Chartered Financial Analyst (CFA) charterholder, Certified Treasury Professional (CTP), and Chartered Banking Professional (ChBP), with expertise in financial institutions, corporate finance, risk management, and investment oversight.
Mr. Fisackerly and Dr. Highfield will join the Board’s Compensation, Audit and Nominating and Corporate Governance Committees.
Following the appointment of Mr. Fisackerly and Dr. Highfield, the Board consists of ten directors, seven of whom are independent.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (NASDAQ: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, Van’s Foods®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
Forward Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current intent, belief, expectations, estimates and projections regarding our Company and our industry. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, (i) the risk factors set forth the company’s SEC Filings (including its Annual Report on Form 10-K, as updated in Part II Item 1A of the company’s quarterly reports on Form 10-Q and Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg, egg products, and prepared foods operations (including, as applicable, disease, pests, weather conditions, and potential for product recall), including but not limited to the current outbreak of HPAI affecting poultry in the U.S., Canada and other countries that was first detected in commercial flocks in the U.S. in February 2022 and that impacted our flocks in the third and fourth quarters of fiscal 2024 and again in March 2026, (iii) changes in the demand for and market prices of shell eggs and feed costs as well as increase in input costs for prepared foods, (iv) our ability to predict and meet demand for cage-free and other specialty eggs, (v) risks, changes, or obligations that could result from our recent or future acquisition of new flocks or businesses, such as our acquisition of Echo Lake Foods completed June 2, 2025, and risks or changes that may cause conditions to completing a pending acquisition not to be met, (vi) our ability to successfully integrate and manage recently acquired businesses like Echo Lake Foods and realize the expected benefits of such acquisitions, including synergies, cost savings, reduction in earnings volatility, margin expansion, financial returns, expanded customer relationships, or sales or growth opportunities, (vii) our ability to compete effectively with existing and new market entrants, retain existing customers, acquire new customers and grow our product mix including our prepared foods product offerings, (viii) the impacts of government, customer and consumer reactions to high market prices for eggs, including, without limitation, potential new or expanded government regulations (ix) potential impacts to our business as a result of our Company ceasing to be a “controlled company” under the rules of The Nasdaq Stock Market on April 14, 2025, (x) risks relating to potential changes in inflation, interest rates and trade and tariff policies, (xi) adverse results in pending litigation and other legal matters, and (xii) global instability, including as a result of geopolitical conflicts and uncertainties. The company’s SEC filings may be obtained from the SEC or the company’s website, www.calmainefoods.com. Readers are cautioned not to place undue reliance on forward-looking statements because, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, forward-looking statements included herein are made only as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any intent or obligation to update publicly these forward-looking statements, whether because of new information, future events, or otherwise.
Eldred Rock Partners LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,344 shares of the basic materials company’s stock after selling 14,897 shares during the quarter. Cal-Maine Foods accounts for approximately 2.5% of Eldred Rock Partners LLC’s holdings, making the stock its 25th largest position. Eldred Rock Partners LLC owned approximately 0.25% of Cal-Maine Foods worth $9,496,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new position in shares of Cal-Maine Foods in the third quarter worth $38,063,000. Squarepoint Ops LLC boosted its position in shares of Cal-Maine Foods by 60.1% during the second quarter. Squarepoint Ops LLC now owns 934,037 shares of the basic materials company’s stock valued at $93,058,000 after buying an additional 350,771 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Cal-Maine Foods by 1,085.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 259,445 shares of the basic materials company’s stock worth $24,414,000 after buying an additional 237,566 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Cal-Maine Foods by 165.6% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 291,434 shares of the basic materials company’s stock worth $29,036,000 after buying an additional 181,715 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Cal-Maine Foods by 66.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 435,376 shares of the basic materials company’s stock worth $43,377,000 after buying an additional 174,576 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
Cal-Maine Foods News Roundup Here are the key news stories impacting Cal-Maine Foods this week:
Positive Sentiment: Q3 EPS beat expectations and margins stayed strong, showing the company can protect profitability even as volumes/prices swing. Cal‑Maine Foods Reports Third Quarter Fiscal 2026 Results Positive Sentiment: Management highlighted deeper integration of specialty eggs and prepared‑foods, which diversify revenue and are helping stabilize margins versus volatile commodity white‑egg pricing. Cal Maine Foods Deepens Integration As Specialty Eggs Reshape Earnings Profile Positive Sentiment: Board strengthening with a new independent director signals a focus on governance and capital‑allocation discipline, which can support long‑term investor confidence. Cal‑Maine Foods Welcomes Dudley D. Wooley to Board of Directors Neutral Sentiment: Full earnings call transcript and slide deck are available for detail (useful for investors wanting management’s guidance/comments on pricing and segment trends). Cal‑Maine (CALM) Q3 2026 Earnings Call Transcript Neutral Sentiment: Wall Street reaction is mixed across food peers; analysts see Cal‑Maine as a relative bright spot but remain cautious on the sector’s pricing dynamics. What Wall Street Expects From These 3 Food Giants After Mixed Earnings Negative Sentiment: Revenue plunged ~53% YoY as conventional egg prices collapsed, a top‑line hit that limits upside despite the EPS beat and raises near‑term earnings uncertainty. Cal‑Maine Foods Sales Sink on Lower Egg Prices Negative Sentiment: Retail egg prices tumbled (~70% in some measures), pressuring volumes and margins for conventional products — the short‑term commodity shock likely explains intraday volatility and the stock pullback. Just in time for Easter: Egg prices tumbled 70%, and here’s how people responded Analyst Ratings Changes A number of brokerages have recently issued reports on CALM. BMO Capital Markets dropped their price target on shares of 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. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, March 3rd. Stephens increased their price objective on shares of 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 restated a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.00.
Get Our Latest Stock Report on Cal-Maine Foods
Cal-Maine Foods Stock Performance CALM stock opened at $78.10 on Friday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 5.44 and a beta of 0.32. The business’s 50-day moving average is $83.58 and its two-hundred day moving average is $86.10. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The business had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. During the same period in the previous year, the company posted $10.39 EPS. The business’s quarterly revenue was down 53.0% compared to the same quarter last year. Equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.
Cal-Maine Foods Cuts Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, January 28th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, January 28th. Cal-Maine Foods’s payout ratio is 12.21%.
Cal-Maine Foods Profile (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. 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.
Featured Stories Five stocks we like better than Cal-Maine Foods Want to see what other hedge funds are holding CALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report).
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Allspring Global Investments Holdings LLC acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 79,570 shares of the basic materials company’s stock, valued at approximately $6,244,000. Allspring Global Investments Holdings LLC owned approximately 0.16% of Cal-Maine Foods at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 raised its stake in shares of Cal-Maine Foods by 100.8% in the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock valued at $726,000 after acquiring an additional 4,009 shares during the last quarter. United Services Automobile Association bought a new position in shares of Cal-Maine Foods in the first quarter valued at approximately $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 acquiring an additional 7,736 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Cal-Maine Foods in the second quarter valued at approximately $8,829,000. 84.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of research analysts have recently issued reports on CALM shares. Stephens lifted their target price on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Finally, BMO Capital Markets cut their target price on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cal-Maine Foods presently has a consensus rating of “Hold” and an average price target of $93.00.
Get Our Latest Stock Report on Cal-Maine Foods
Cal-Maine Foods Price Performance CALM stock opened at $78.97 on Tuesday. The company has a 50 day moving average price of $83.46 and a 200 day moving average price of $85.47. The stock has a market capitalization of $3.76 billion, a PE ratio of 5.50 and a beta of 0.32. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last issued its earnings results on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. The business’s revenue for the quarter was down 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.39 EPS. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. Cal-Maine Foods’s payout ratio is presently 20.14%.
Cal-Maine Foods Profile (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. 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.
See Also Five stocks we like better than Cal-Maine Foods
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Cal-Maine Foods is positioned as a buy despite weak results from low egg prices, with specialty eggs and prepared foods stabilizing revenue. CALM's recent $128.5M Creighton Brothers acquisition and ongoing buybacks are not fully priced in, enhancing forward value. The company's variable dividend policy and strong balance sheet (no long-term debt, $1.15B cash) support capital flexibility and shareholder returns.
Burney Co. lessened its position in Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,613 shares of the basic materials company’s stock after selling 39,423 shares during the quarter. Burney Co. owned approximately 0.15% of Cal-Maine Foods worth $5,619,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CALM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cal-Maine Foods by 4.5% in the 1st 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 buying an additional 1,057 shares during the last quarter. NewEdge Advisors LLC raised its position in Cal-Maine Foods by 100.8% in the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock valued at $726,000 after buying an additional 4,009 shares during the last quarter. United Services Automobile Association acquired a new stake in Cal-Maine Foods in the 1st quarter valued at approximately $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 1st 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 buying an additional 7,736 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Cal-Maine Foods by 323.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock valued at $108,000 after buying an additional 830 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.
Cal-Maine Foods Price Performance CALM stock opened at $75.83 on Monday. The business has a 50 day moving average price of $83.00 and a two-hundred day moving average price of $84.86. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 5.28 and a beta of 0.32. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40.
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The business’s revenue was down 53.0% compared to the same quarter last year. During the same period last year, the company earned $10.39 earnings per share. On average, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.
Cal-Maine Foods Cuts Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 20.14%.
Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. Stephens lifted their target price 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. Finally, BMO Capital Markets dropped their target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.00.
Get Our Latest Stock Analysis on Cal-Maine Foods
Cal-Maine Foods Company Profile (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. 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.
Featured Stories Five stocks we like better than Cal-Maine Foods
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BCS Private Wealth Management Inc. bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,025 shares of the basic materials company’s stock, valued at approximately $1,116,000.
Other institutional investors have also added to or reduced their stakes in the company. Lansing Street Advisors bought a new position in shares of Cal-Maine Foods during the 4th quarter valued at $380,000. Farther Finance Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 7.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,035 shares of the basic materials company’s stock valued at $321,000 after buying an additional 281 shares during the period. Assetmark Inc. lifted its holdings in shares of Cal-Maine Foods by 36.6% during the 4th quarter. Assetmark Inc. now owns 118,773 shares of the basic materials company’s stock valued at $9,451,000 after buying an additional 31,826 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Cal-Maine Foods by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 25,542 shares of the basic materials company’s stock valued at $2,032,000 after buying an additional 454 shares during the period. Finally, Westbourne Investments Inc. bought a new position in shares of Cal-Maine Foods during the 4th quarter valued at $350,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the company. Stephens increased their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. BMO Capital Markets lowered their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Finally, Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.00.
Check Out Our Latest Stock Report on Cal-Maine Foods
Cal-Maine Foods Stock Performance Shares of Cal-Maine Foods stock opened at $75.56 on Wednesday. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $126.40. The stock’s fifty day moving average is $82.65 and its 200 day moving average is $84.55. The stock has a market cap of $3.58 billion, a P/E ratio of 5.27 and a beta of 0.32.
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last announced its earnings results on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The company had revenue of $666.95 million for the quarter, compared to analysts’ expectations of $655.82 million. During the same period last year, the firm earned $10.39 EPS. Cal-Maine Foods’s revenue for the quarter was down 53.0% compared to the same quarter last year. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.
Cal-Maine Foods Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 20.14%.
Cal-Maine Foods Company Profile (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. 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.
See Also Five stocks we like better than Cal-Maine Foods
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HomeIndustriesFood/Beverages/TobaccoEgg prices crossed the $6 barrier in March of last year, but they have since fallen as farmers have replenished their flocksPublished: April 17, 2026 at 6:56 p.m. ET
Shares of Cal-Maine Foods fell in extended trading Friday after a report that the Justice Department could be close to filing a civil antitrust lawsuit against the major egg producer and some of its rivals.
The report from the Wall Street Journal late Friday comes after higher egg prices last year and in 2024 became emblematic of the cost-of-living increases that have squeezed consumers over the past half-decade. Egg prices surged during those years as a large bird-flu outbreak led producers to cull millions of egg-laying chickens, curbing supplies.
About the Author
Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Cal-Maine Foods (CALM +1.01%) sat on a wall. Cal-Maine Foods had a great fall (in the first five minutes of trading this morning, the nation's biggest producer of chicken eggs fell 4.5%!) But here's the good news: All the king's horses and all the king's men are already trying to put Cal-Maine Foods back together again.
And as of 10:10 a.m. ET, Cal-Maine has recovered most of its losses and is down only 1.5%.
Image source: Getty Images.
What went wrong with Cal-Maine stock this morning? To find out what happened to Cal-Maine today, you need to flip back a few pages in your Wall Street Journal to Friday's edition, which reported the U.S. Department of Justice may sue the country's biggest egg producers -- Cal-Maine included -- alleging price fixing in the egg industry.
DOJ says Cal-Maine and others have been sharing price information through a service called "Expana." Ostensibly, Expana simply collects price data and publishes a benchmark price for egg producers to reference when setting prices independently. But DOJ alleges the companies are using Expana to coordinate and inflate egg prices for consumers, contributing to the run-up to $6-plus eggs last year.
Today's Change
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0.80
Current Price
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79.87
What this means for Cal-Maine stock Despite what it sounds like, this case is not open and shut. The most obvious reason why egg prices rose last year was a round of avian flu that began in 2022 and continues to this day, subtracting 200 million egg-laying fowl from the market. Flocks are rebuilding, however, and egg prices are already down 45% over the past year, suggesting that if price collusion did happen, it isn't anymore.
Investors' bigger worry should be falling profits at Cal-Maine. From $1.2 billion last year, net profits are forecast to fall below $200 million over the next two years.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cal-Maine Foods. The Motley Fool has a disclosure policy.
NEW YORK--(BUSINESS WIRE)---- $CALM #NASDAQ--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of Cal-Maine Foods, Inc. (NASDAQ: CALM) failed to manage Cal-Maine Foods in an acceptable manner, breaching their fiduciary duties to Cal-Maine Foods, and whether Cal-Maine Foods and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know: On April 17, 2026, the Wall Stree.
RIDGELAND, Miss., April 30, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced that management will participate in the following upcoming investor conferences:
Goldman Sachs Global Staples Forum
Date: Tuesday, May 12, 2026, at 8:40 a.m. EDT
Location: New York, NY
Format: Fireside Chat
Participants: Max Bowman, Vice President, Chief Financial Officer; Keira Lombardo, Chief Strategy Officer; Johnathan Zoeller, Chief Financial Officer, Prepared Foods
BMO Global Farm to Market Conference | Chemicals Conference
Date: Wednesday, May 13, 2026, at 10:15 a.m. EDT
Location: New York, NY
Format: Fireside Chat
Participants: Max Bowman, Vice President, Chief Financial Officer; Keira Lombardo, Chief Strategy Officer; Johnathan Zoeller, Chief Financial Officer, Prepared Foods
2026 Benchmark Consumer 1x1 Investor Conference
Date: Tuesday, May 19, 2026
Location: New York, NY
Format: One-on-One and Small Group Meetings
Participants: Sherman Miller, President, Chief Executive Officer; Max Bowman, Vice President, Chief Financial Officer; Keira Lombardo, Chief Strategy Officer; Johnathan Zoeller, Chief Financial Officer, Prepared Foods
Presentation materials, if applicable, will be available on Cal-Maine Foods’ investor relations website at https://investors.calmainefoods.com/events-presentation.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (NASDAQ: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
On April 30, 2026, River Road Asset Management, LLC disclosed a new position in Cal-Maine Foods (CALM +1.01%).
What happenedAccording to a Securities and Exchange Commission (SEC) filing dated April 30, 2026, River Road Asset Management, LLC established a new stake in Cal-Maine Foods by adding 1,369,522 shares. The estimated transaction value is $112.50 million, calculated using the average closing price during the first quarter. As of March 31, the quarter-end position was valued at $108.40 million, reflecting both share purchases and market price changes.
What else to knowThis was a new position, representing 1.23% of River Road’s 13F reportable assets under management as of March 31, 2026.Top holdings after the filing:NYSE: BJ: $344.81 million (3.9% of AUM)NYSE: WTM: $264.78 million (3.0% of AUM)NASDAQ: MGRC: $238.30 million (2.7% of AUM)NYSE: BRK-B: $218.25 million (2.5% of AUM)NYSE: MUSA: $195.51 million (2.2% of AUM)As of April 29, 2026, shares of Cal-Maine Foods were priced at $75.07, down 15.4% over the past year, underperforming the S&P 500 by 43.68 percentage points.Company OverviewMetricValueRevenue (TTM)$3.46 billionNet Income (TTM)$695.03 millionDividend Yield6.28%Price (as of market close 2026-04-29)$75.07Company SnapshotProduces, grades, packages, markets, and distributes shell eggs, including specialty varieties such as cage free, organic, and nutritionally enhanced eggs under brands like Egg-Land's Best and Land O' Lakes.Operates an integrated supply chain model, generating revenue primarily through the sale of shell eggs to retail and foodservice channels.Serves national and regional grocery chains, club stores, independent supermarkets, and foodservice distributors across the southwestern, southeastern, mid-western, and mid-Atlantic United States.Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs, including specialty varieties under brands like Egg-Land's Best and Land O' Lakes. Cal-Maine Foods, Inc. offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, and 4-Grain brand names, as well as under private labels. Cal-Maine Foods, Inc. sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, and foodservice distributors primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.
What this transaction means for investorsAlthough investors are often reduced to speculation when one sells, purchases are different. Thus, River Road’s $112.5 million investment in Cal-Maine Foods is a clear signal of optimism in this consumer staples stock.
During the quarter, the stock’s price has fallen to its lowest level since 2024. This comes as the company faces a DOJ investigation regarding egg prices. Also, net income fell significantly as high margins came down as supply and demand came into better balance.
Today, egg prices have come down from the peaks in early 2025. Nonetheless, the world could face higher food prices as the conflict in Iran has led to lower fertilizer supplies. While not good for the consumer, that could increase the profitability of the company if food prices rise.
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Additionally, its P/E ratio stands at just 5. While Cal-Maine is unlikely to command high multiples, this ultra-low P/E ratio increases the chances that River Road can win by owning more of this stock.TMF Writers add your take here...
Cal-Maine Foods faces a cyclical downturn with egg prices at 10-year lows, compressing margins and near-term earnings. CALM maintains a debt-free balance sheet and $1.1B in net cash, enabling opportunistic buybacks and strategic M&A during industry weakness. Management is shifting toward specialty eggs, now 50% of sales, supporting structurally stronger margins and more stable demand.
The Invesco S&P SmallCap High Dividend Low Volatility ETF (NASDAQ:XSHD) promises small-cap yield with smoother price action. Monthly distributions have shrunk meaningfully over the past two years, and the fund’s core holdings reveal the payout strain behind that decline.
How XSHD Generates Its Income XSHD tracks the S&P SmallCap High Dividend Low Volatility Index, which screens the 90 highest-yielding US small-cap stocks and keeps the 60 least volatile, then weights them by dividend yield. Hunting high yield in the small-cap universe is itself an anomaly: most small caps reinvest rather than distribute, so the screen pulls heavily into REITs, mortgage lenders, and cyclical payers. The volatility filter aims to soften the ride but does not protect the dividend itself.
Distributions are paid monthly. The fund paid out $1.03 in 2024, $0.82 in 2025, and roughly $0.25 year to date in 2026. Per-distribution averages have fallen from about 9 cents in 2024 to around 6 cents in early 2026. The headline yield near 5% to 7% depending on when you check is held up by a falling share price rather than by payout growth.
The Holdings Telling the Story Innovative Industrial Properties (NYSE:IIPR) is the clearest warning. The cannabis REIT pays a $1.90 quarterly dividend, held steady for eight straight quarters, but Q1 2026 AFFO came in at $1.88 per share, putting the AFFO payout ratio at 101%. Every dollar earned is going out the door, with another penny borrowed. Tenant defaults stripped $6.9 million from quarterly revenue, and $291 million in unsecured notes mature this month. CEO Alan Gold said the company has “additional secured and unsecured debt financings underway totaling nearly $130 million” to address it. Until refinancing closes and tenant turnover stabilizes, the dividend is being funded by borrowing rather than by operating cash flow.
Arbor Realty Trust (NYSE:ABR) has already moved. The multifamily bridge lender cut its quarterly payout from $0.43 to $0.30 in mid-2025, a 30% reduction. Q4 2025 distributable EPS dropped to $0.19 from $0.40 a year earlier, barely covering the reduced dividend after a $68.9 million charge-off on a legacy loan and $20.5 million REO impairment. With 26 non-performing loans totaling $569 million, another cut is plausible if credit losses continue.
Cal-Maine Foods (NASDAQ:CALM) operates a variable dividend tied to roughly one-third of quarterly profit. That payout has fallen from $2.35 in Q4 fiscal 2025 to $0.36 in Q3 fiscal 2026 as egg prices normalized, with shell egg selling prices down about 57% year over year. The balance sheet is fortress-grade at $1.15 billion in cash, but income investors should understand: when the company earns less, it pays less.
Global Net Lease (NYSE:GNL) is the most encouraging holding, though the cushion is thin. The diversified REIT earned agency upgrades to investment-grade BBB- from both Fitch and S&P, cut net debt by $2.2 billion in 2025, and delivered full-year AFFO of $0.99 against a $0.76 dividend. The catch: 2026 AFFO guidance of $0.80 to $0.84 leaves only a few cents of cushion above the payout. The company itself cut its dividend from $0.275 to $0.19 in early 2025, so the current rate already reflects one round of right-sizing.
Total Return Reality A high yield only matters if the principal holds. XSHD trades near $13.84, down about 20% over five years while the Russell 2000 has gained ground. Year to date the fund is up roughly 9%, helpful but not a thesis reset. Investors have been collecting income while watching their cost basis erode.
The Verdict on XSHD’s Distribution The distribution is mechanically passed through from holdings whose own payouts are under measurable strain: one paying above AFFO, one already cut, one variable by design, and one operating with single-digit cents of headroom. Other small-cap dividend funds that screen for dividend growth and balance sheet quality have delivered better total returns over comparable periods. XSHD makes sense only for investors who understand they are buying a yield that the underlying companies are actively struggling to maintain.
RIDGELAND, Miss, May 12, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, and Sara Lee Frozen Bakery, LLC, a leading manufacturer of premium frozen baked goods, today announced Cal-Maine Foods’ acquisition of certain assets of the Van’s Foods business of Sara Lee Frozen Bakery, LLC, a Kohlberg portfolio company.
Van’s holds the top position in gluten-free waffles, establishing itself as a category leader within the fast-growing better-for-you frozen breakfast segment. This acquisition is aimed at supporting Cal-Maine Foods’ strategy to diversify its business model, grow in prepared foods business-to-consumer (B2C) retail, and deliver greater value across the supply chain.
The addition of Van’s is expected to increase Cal-Maine Foods’ prepared foods annual sales by approximately 10% and volume by about 6% on a pro forma basis. Van’s will enhance Cal-Maine Foods’ ability to serve evolving consumer preferences while strengthening its presence across grocery, e-commerce, and other direct-to-consumer channels. Van’s competes in the fast-growing better-for-you frozen breakfast segment by combining broad retail distribution with a strong value proposition of taste, convenience, and products tailored to a wide range of dietary needs and preferences.
“Van’s is an exciting and highly complementary addition to our portfolio,” said Sherman Miller, president and chief executive officer of Cal-Maine Foods. “We believe this acquisition will further our diversification strategy by expanding our reach in prepared foods consumer-facing retail. We see meaningful opportunities to drive growth, unlock efficiencies, and innovate in ways that better serve our customers and consumers.”
The acquisition is expected to unlock a range of strategic and operational synergies, including:
Using scale to help improve cost efficiency, quality control, and supply reliability.Utilizing Cal-Maine Foods’ established distribution network to broaden Van’s reach and optimize logistics across retail and direct-to-consumer channels.Customer overlap and cross-selling opportunities, enabling deeper relationships and broader product offerings, including meal solutions that anchor high-protein and convenience occasions.Innovation and R&D collaboration with Cal-Maine Foods’ existing prepared foods business, combining expertise to accelerate product development and respond to emerging consumer trends.Portfolio evolution toward protein-forward offerings, aligning with growing demand for high-protein, better-for-you products.
Van’s has cultivated a devoted consumer base, with “Van’s Fans” associating the brand with high-quality, better-for-you frozen breakfast options made from clean-label, allergy-conscious ingredients. Its product portfolio features a diverse lineup of frozen waffles and pancakes, including gluten-free, protein-enhanced, and whole-grain varieties. Cal-Maine Foods intends to preserve these offerings and build upon this strong brand foundation, continuing to deliver the Van’s branded products that consumers trust while investing to support future growth.
“We have tremendous respect for the Van’s brand and the relationships it has established with its customers and consumers,” added Mr. Miller. “Our goal is to honor that legacy while bringing additional capabilities and resources to help the brand capture incremental share, supported by a pipeline of innovations expanding into new dayparts, formats, and snacking occasions.”
"Van’s is a genuine category leader with a loyal consumer base, and it is important to us that it have an owner that is best positioned to ensure its continued success,” said Peter Laport, Chief Executive Officer of Sara Lee Frozen Bakery. “We made the decision to divest the brand to sharpen our focus on our strong portfolio of core brands where we’re investing for the long term. Making disciplined decisions about where we compete is part of how we build a better, more resilient business. We are confident Van’s is going to the right home, with an attractive runway ahead, as Cal-Maine brings complementary capabilities to accelerate its growth, particularly around protein and better-for-you nutrition.”
Following the acquisition, Van’s will continue to operate under its existing brand identity, supported by Cal-Maine’s integrated platform to scale operations, enhance innovation, and increase market access. This transaction further positions Cal-Maine Foods as a diversified, end-to-end food solutions provider, well-equipped to meet the needs of customers across channels and adapt to the evolving food landscape.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (NASDAQ: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
About Sara Lee Frozen Bakery
Sara Lee Frozen Bakery is an industry-leading manufacturer and supplier of frozen bakery and dessert products committed to making life’s moments a little sweeter through quality, value, and irresistible flavor. With a family of trusted brands including Sara Lee®, Chef Pierre®, Bistro Collection®, Superior on Main® and Cyrus O’Leary’s®, the company offers a wide variety of pies, cakes, pastries, cookies, muffins and more for foodservice establishments, retail supermarket bakeries and in-store bakery programs. Headquartered in Oakbrook Terrace, Illinois, Sara Lee Frozen Bakery operates bakeries across the United States and delivers premium products backed by time-honored recipes, carefully sourced ingredients, and a commitment to customer satisfaction and innovation. To learn more, visit www.saraleefrozenbakery.com.
About Kohlberg
Founded in 1987, Kohlberg is a leading U.S. middle market private equity firm based in Mount Kisco, New York. The firm invests in leading healthcare and services companies characterized by strong market positions, recurring revenue streams, and resilient end markets, which it identifies through rigorous thematic research grounded in its White Paper Program. Leveraging its team of investment and operating professionals, Kohlberg works with management teams to accelerate growth, enhance operational excellence and create value. As of September 30, 2025, Kohlberg manages approximately $17 billion on behalf of investors globally.
Forward Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current intent, belief, expectations, estimates and projections regarding the company’s acquisition of Van’s, including the company’s ability to successfully integrate Van’s into its existing operations and portfolio and the anticipated benefits of the Van’s acquisition, as well as the company’s business and its industry. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, (i) the risk factors set forth the company’s SEC Filings (including its Annual Report on Form 10-K, as updated in Part II Item 1A of the company’s quarterly reports on Form 10-Q and Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg, egg products, and prepared foods operations (including, as applicable, disease, pests, weather conditions, and potential for product recall), including but not limited to the current outbreak of HPAI affecting poultry in the U.S., Canada and other countries that was first detected in commercial flocks in the U.S. in February 2022 and that impacted our flocks in the third and fourth quarters of fiscal 2024 and again in March 2026 (iii) changes in the demand for and market prices of shell eggs and feed costs as well as increase in input costs for prepared foods, (iv) the company’s ability to predict and meet demand for cage-free and other specialty eggs, (v) risks, changes, or obligations that could result from the company’s recent or future acquisitions of new flocks or businesses, and risks or changes that may cause conditions to complete a pending acquisition not to be met, (vi) the company’s ability to successfully integrate and manage acquired businesses and realize the expected benefits of such acquisitions, including synergies, cost savings, reduction in earnings volatility, margin expansion, financial returns, expanded customer relationships, or sales or growth opportunities, (vii) the company’s ability to compete effectively with existing and new market entrants, retain existing customers, acquire new customers and grow its product mix including the company’s prepared foods product offerings, (viii) the impacts of government, customer and consumer reactions to high market prices for eggs, including, without limitation, potential new or expanded government regulations (ix) potential impacts to the company’s business as a result of it ceasing to be a “controlled company” under the rules of The Nasdaq Stock Market on April 14, 2025, (x) risks relating to potential changes in inflation, interest rates and trade and tariff policies, (xi) adverse results in pending litigation and other legal matters, and (xii) global instability, including as a result of geopolitical conflicts and uncertainties. The company’s SEC filings may be obtained from the SEC or the company’s website, www.calmainefoods.com. Readers are cautioned not to place undue reliance on forward-looking statements because, while the company believes the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, forward-looking statements included herein are made only as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, the company disclaims any intent or obligation to update publicly these forward-looking statements, whether because of new information, future events, or otherwise.
NEW YORK--(BUSINESS WIRE)---- $CALM #NASDAQ--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of Cal-Maine Foods, Inc. (NASDAQ: CALM) failed to manage Cal-Maine Foods in an acceptable manner, breaching their fiduciary duties to Cal-Maine Foods, and whether Cal-Maine Foods and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know: On April 17, 2026, the Wall Stree.
Scott Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of Cal-Maine Foods, Inc. (NASDAQ: CALM) failed to manage Cal-Maine Foods in an acceptable manner, breaching their fiduciary duties to Cal-Maine Foods, and whether Cal-Maine Foods and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know:
On April 17, 2026, the Wall Street Journal announced that the U.S. Department of Justice was preparing to file an antitrust lawsuit against Cal-Maine Foods for coordinating egg prices with its competitors.If you own Cal-Maine Foods common stock, join our investigation on behalf of Cal-Maine Foods and its shareholders by contacting us. If you own Cal-Maine Foodscommon stock and you wish to discuss this investigation—at no cost for you—please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or [email protected].
About this investigation – FAQ:
Q1: What is this ongoing investigation into Cal-Maine Foodsabout?
A: According to our investigation, owners of Cal-Maine Foodscommon stock have been impacted by a looming antitrust investigation for egg pricefixing. Scott+Scott has a decades-long track record in fighting for corporate governance and monetary recoveries on behalf of companies and their shareholders.
Q2: How does this Scott+Scott investigation work?
A: Joining our investigation is easy and at no cost for you. By contacting us, we will let you know your rights as a Cal-Maine Foodsshareholder, and how the process works and what you can expect. If you currently own Cal-Maine Foodsstock, we look forward to hearing from you.
To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit www.scott-scott.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260513796143/en/
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.
Twin Lions Management reported a new position in Cal-Maine Foods (CALM +1.01%) as of May 14, 2026, acquiring 221,544 shares in an estimated $18.20 million trade based on quarterly average pricing.
What happenedAccording to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, Twin Lions Management initiated a new position in Cal-Maine Foods by purchasing 221,544 shares. The estimated transaction value was $18.20 million, calculated using average closing prices for the first quarter of 2026. The stake’s valuation at quarter-end rose by $17.54 million, reflecting both share acquisition and changes in Cal-Maine Foods’ stock price.
This was a new position for Twin Lions Management LLC; the stake represented 10.6% of the fund’s 13F reportable assets under management as of March 31, 2026.Top five holdings after the filing:NASDAQ: CACC: $41.16 million (24.9% of AUM)NASDAQ: MBUU: $28.85 million (17.4% of AUM)NASDAQ: OZK: $22.26 million (13.5% of AUM)NYSEMKT: SEB: $17.88 million (10.8% of AUM)NASDAQ: CALM: $17.54 million (10.6% of AUM)As of Friday, Cal-Maine Foods shares were priced at $74.72, down 20% over the past year and trailing the S&P 500, which is instead up about 28%.Company OverviewMetricValueRevenue (TTM)$3.5 billionNet Income (TTM)$695 millionDividend Yield6%Price (as of Friday)$74.72Company SnapshotCal-Maine Foods produces, grades, packages, markets, and distributes shell eggs, including specialty eggs such as cage-free, organic, and nutritionally enhanced varieties under brands like Egg-Land’s Best and Land O’ Lakes.The firm operates an integrated model focused on large-scale egg production and distribution, generating revenue primarily from the sale of shell eggs and specialty egg products.It serves national and regional grocery store chains, club stores, independent supermarkets, and foodservice distributors across the southwestern, southeastern, midwestern, and mid-Atlantic United States.Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs in the United States. Cal-Maine Foods, Inc. offers specialty shell eggs, such as nutritionally enhanced, cage-free, organic, and brown eggs under a variety of brand names. Cal-Maine Foods, Inc. sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, and foodservice distributors.
What this transaction means for investorsFalling egg prices have hit Cal-Maine pretty hard this past year, but Twin Lions seems to be betting on a company that remains highly profitable and is reshaping its earnings mix to become less dependent on volatile commodity cycles.
Still, the headline numbers from Cal-Maine's latest quarter looked rough at first glance. Net sales fell 53% to $667 million, and net income dropped 90% to $50.5 million as egg prices normalized from unusually elevated levels a year ago. But management's commentary suggests that's only part of the story. Specialty eggs accounted for 50.5% of shell egg sales during the quarter, while prepared foods contributed 9.5% of total revenue, continuing a shift toward businesses that can produce more durable earnings over time.
CEO Sherman Miller said recent price weakness provided a "real-time test" of the company's strategy, arguing that operational execution and product mix mattered more than spot egg prices. The company also expanded its prepared foods and ingredient capabilities through the acquisition of assets from Creighton Brothers.
Nevertheless, Cal-Maine still holds more than $1.15 billion in cash and short-term investments while generating significant profits even in a much weaker pricing environment. And if management succeeds in building a larger specialty and prepared foods business, future earnings could prove less cyclical than many investors expect.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cal-Maine Foods. The Motley Fool has a disclosure policy.
June 08, 2026 17:00 ET | Source: Cal-Maine Foods, Inc.
RIDGELAND, Miss., June 08, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced that members of its management team will participate in the 2026 D.A. Davidson Technology & Consumer Conference, which will be held June 10–12, 2026, at the Four Seasons Hotel in Nashville, Tennessee.
Sherman Miller, President and Chief Executive Officer; Max Bowman, Vice President and Chief Financial Officer; and Keira Lombardo, Chief Strategy Officer, will participate in one-on-one meetings with institutional investors during the conference.
About Cal-Maine Foods
Cal-Maine Foods, Inc. (NASDAQ: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.
The company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, Van’s Foods® and Crepini®.
Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.
