Cal-Maine Foods Inc. experienced a price drop of 5.40%, hitting a 52-week low amid a generally positive market environment, with the Nasdaq-100 up 0.43% and the S&P 500 up 0.13%.
This decline is attributed to a significant 19.4% year-over-year decrease in net sales, primarily driven by falling egg prices and reduced sales volume. Despite this, the company reported a Q2 earnings per share of $2.13, surpassing analyst expectations, indicating resilience in a challenging market. The ongoing low egg prices have significantly impacted profitability, leading to a 53.1% drop in net income.
The implications of these results suggest that while Cal-Maine is facing challenges, its strategic shift towards higher-value products and strong cash position may support future growth. The company's commitment to shareholder returns through share repurchases also reflects confidence in its long-term value.
Wall Street analysts forecast CALM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CALM is 90.00 USD with a low forecast of 85.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast CALM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CALM is 90.00 USD with a low forecast of 85.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 83.490
Low
85.00
Averages
90.00
High
100.00
Current: 83.490
Low
85.00
Averages
90.00
High
100.00
BMO Capital
Market Perform
downgrade
$97 -> $85
2026-01-08
Reason
BMO Capital
Price Target
$97 -> $85
AI Analysis
2026-01-08
downgrade
Market Perform
Reason
BMO Capital lowered the firm's price target on Cal-Maine Foods to $85 from $97 and keeps a Market Perform rating on the shares. The price target reduction reflects deteriorating fundamentals, the analyst tells investors in a research note.
Stephens
Pooran Sharma
Equal Weight
downgrade
$95 -> $85
2026-01-08
Reason
Stephens
Pooran Sharma
Price Target
$95 -> $85
2026-01-08
downgrade
Equal Weight
Reason
Stephens analyst Pooran Sharma lowered the firm's price target on Cal-Maine Foods to $85 from $95 and keeps an Equal Weight rating on the shares. Cal-Maine reported Q2 adjusted EPS that beat the firm's and consensus estimates, but earnings declined meaningfully year-over-year as egg prices continued to fall from multi-year highs seen earlier this past spring, the analyst tells investors. While the firm is "encouraged" by the improvement in longer-term earnings durability, it expects oversupply concerns and seasonal demand weakness to weigh on the near- to intermediate-term setup, the analyst tells investors.
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Stephens
Equal Weight
maintain
$105 -> $95
2025-12-30
Reason
Stephens
Price Target
$105 -> $95
2025-12-30
maintain
Equal Weight
Reason
Stephens lowered the firm's price target on Cal-Maine Foods to $95 from $105 and keeps an Equal Weight rating on the shares. Egg fundamentals have continued to deteriorate during what is typically the strongest demand period of the year, says the analyst, who continues to hear that additional shelf price reductions may be needed to drive stronger in-store clearance. The firm lowered its fiscal Q2 adjusted EPS view to $1.86 from $2.19 ahead of earnings, while also lowering its FY26 and FY27 EPS estimates.
Goldman Sachs
Leah Jordan
Neutral
initiated
$110
2025-08-14
Reason
Goldman Sachs
Leah Jordan
Price Target
$110
2025-08-14
initiated
Neutral
Reason
Goldman Sachs analyst Leah Jordan initiated coverage of Cal-Maine Foods with a Neutral rating and $110 price target. The company has benefited from higher egg prices amid tight supply due to elevated disease impacts, the analyst tells investors in a research note. However, Goldman expects egg fundamentals to normalize in the coming year as the supply backdrop improves with a recovery in the flock.
About CALM
Cal-Maine Foods, Inc. is primarily engaged in the production, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs, as well as a variety of ready-to-eat egg products. The Company’s integrated operations consist of hatching chicks, growing and maintaining flocks of pullets, layers and breeders, manufacturing feed, and producing, processing, packaging, and distributing shell eggs. The Company provides specialty and conventional eggs. Specialty eggs encompass a broad range of products, such as cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. Its Farmhouse Eggs brand eggs are produced at its facilities by hens that are provided with a vegetarian diet. It markets organic, vegetarian and omega-3 eggs under its 4-Grain brand, which consists of conventional and cage-free eggs. Its Sunups and Sunny Meadow brands are sold as conventional eggs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
