Stephens Cuts Cal-Maine Foods (NASDAQ:CALM) Price Target to $70.00

Posted by Francis Steltz on Oct 4th, 2026

Cal-Maine Foods (NASDAQ:CALM – Free Report) had its price objective cut by Stephens from $80.00 to $70.00 in a report released on Thursday, MarketBeat reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of Cal-Maine Foods in a research report on Friday, September 18th. Benchmark lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Weiss Ratings lowered shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a report on Monday, July 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $75.00 price objective (down from $83.00) on shares of Cal-Maine Foods in a research report on Thursday, September 24th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.17.

Get Our Latest Research Report on Cal-Maine Foods

Cal-Maine Foods Stock Up 1.3%

Shares of NASDAQ:CALM opened at $66.67 on Thursday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 56.98 and a beta of 0.25. The business has a 50 day moving average price of $78.51 and a 200 day moving average price of $79.07. Cal-Maine Foods has a twelve month low of $63.50 and a twelve month high of $95.57.

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last issued its quarterly earnings results on Wednesday, September 30th. The basic materials company reported ($1.26) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.49). Cal-Maine Foods had a return on equity of 2.21% and a net margin of 2.32%.The business had revenue of $539.61 million during the quarter, compared to the consensus estimate of $561.57 million. During the same period in the prior year, the firm earned $4.12 earnings per share. The business’s quarterly revenue was down 41.5% on a year-over-year basis.

Institutional Investors Weigh In On Cal-Maine Foods

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in Cal-Maine Foods by 21.9% during the first quarter. Bank of America Corp DE now owns 505,359 shares of the basic materials company’s stock worth $39,999,000 after purchasing an additional 90,779 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Cal-Maine Foods in the 2nd quarter valued at approximately $57,894,000. Hound Partners LLC grew its stake in shares of Cal-Maine Foods by 163.6% in the 1st quarter. Hound Partners LLC now owns 203,851 shares of the basic materials company’s stock valued at $16,135,000 after purchasing an additional 126,510 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Cal-Maine Foods by 41.2% in the 4th quarter. Hsbc Holdings PLC now owns 53,608 shares of the basic materials company’s stock worth $4,298,000 after buying an additional 15,643 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Cal-Maine Foods by 60.3% in the 1st quarter. Bessemer Group Inc. now owns 59,116 shares of the basic materials company’s stock worth $4,680,000 after buying an additional 22,233 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Company Profile

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Cal-Maine Foods, Inc is a major producer and distributor of shell eggs in the United States. The company supplies eggs to grocery retailers, foodservice operators, food distributors and institutional customers under both its own brands and private-label programs.

Its product portfolio includes conventional eggs as well as specialty products such as cage-free, organic, free-range, brown, pasture-raised and nutritionally enhanced eggs. Cal-Maine also markets hard-boiled eggs and other value-added egg products, and sells eggs through a network of production, processing, packaging and distribution facilities.

Founded in 1969 and headquartered in Jackson, Mississippi, Cal-Maine serves customers throughout the United States and has expanded through acquisitions and investments in production capacity.