Cal-Maine Foods, Inc. (CALM) Stock Analysis
Range Bound setup
Consumer Defensive · Farm Products
Hold if already holding. Not a fresh buy at $76.34, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Walmart Inc. (including Sam's Club) (33.6%); Concentration risk — Commodity: feed costs.
Cal-Maine Foods is the largest US producer and distributor of shell eggs, with 48.3 million layers and an integrated flock of pullets and breeders as of May 2025. Shell egg sales represent approximately 94-95% of net sales; Walmart (including Sam's Club) accounted for 33.6% of... Read more
Hold if already holding. Not a fresh buy at $76.34, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Walmart Inc. (including Sam's Club) (33.6%); Concentration risk — Commodity: feed costs. Chart setup: RSI 44 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 4.7/10, moderate confidence.
Passes 5/9 gates (clean insider activity, news events none recent, earnings proximity 43d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
Recent developments
updated 2026-06-09Recent Developments — Cal-Maine Foods, Inc.
Latest news
- NEWS 'Justice Department Nears Filing Antitrust Case Against Egg Producers'-WSJ — benzinga Apr 17, 2026 negative
- NEWS $100 Invested In Cal-Maine Foods 20 Years Ago Would Be Worth This Much Today — benzinga Apr 6, 2026 neutral
Generated 2026-06-09T22:21:40Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerWalmart Inc. (including Sam's Club)34%10-K Item 1A: 'Our largest customer, Walmart Inc. (including Sam’s Club), accounted for 33.6%, 34.0% and 34.2% of net sales dollars for fiscal 2025, 2024 and 2023, respectively.'
- MEDIUMCustomertop three customers49%10-K Item 1A: 'Our top three customers accounted for an aggregate of 49.2%, 49.0% and 50.1% of our net sales dollars for fiscal 2025, 2024 and 2023, respectively.'
- HIGHCommodityfeed costs10-K Item 1A: 'Feed costs are the largest element of our shell egg (farm) production cost, ranging from 53% to 63% of total farm production cost in the last five fiscal years.'
- HIGHProductfresh shell eggs10-K Item 1A: 'The production and sale of fresh shell eggs, which accounted for 94.3% to 95.3% of our net sales in our last three fiscal years'
Material Events(8-K, last 90d)
- 2026-04-01Item 5.02LOWDudley Wooley appointed as independent Class III director at Cal-Maine Foods, effective approximately March 31, 2026, to serve until the 2027 annual meeting. Compensation includes annual retainer and RSA grant vesting January 12, 2029.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Revenue shrinking — -53.0% YoY. Growth thesis broken unless recovery story develops.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $76.34, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Walmart Inc. (including Sam's Club) (33.6%); Concentration risk — Commodity: feed costs. Chart setup: RSI 44 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $78.89 (+3.3%), stop $72.36 (−5.5%), A.R:R -0.4:1. Score 4.7/10, moderate confidence.
Take-profit target: $78.89 (+3.3% upside). Target $78.89 (+3.3%), stop $72.36 (−5.5%), A.R:R -0.4:1. Stop-loss: $72.36.
Concentration risk — Customer: Walmart Inc. (including Sam's Club) (33.6%); Concentration risk — Commodity: feed costs; Earnings expected to decline ~75% (cyclical peak).
Cal-Maine Foods, Inc. trades at a P/E of 5.3 (forward 21.0). TrendMatrix value score: 7.0/10. Verdict: Hold.
11 analysts cover CALM with a consensus score of 3.7/5. Average price target: $88.
What does Cal-Maine Foods, Inc. do?Cal-Maine Foods is the largest US producer and distributor of shell eggs, with 48.3 million layers and an integrated...
Cal-Maine Foods is the largest US producer and distributor of shell eggs, with 48.3 million layers and an integrated flock of pullets and breeders as of May 2025. Shell egg sales represent approximately 94-95% of net sales; Walmart (including Sam's Club) accounted for 33.6% of net sales in fiscal 2025, making it the dominant single customer.