CALM Chart
About

Cal-Maine Foods, Inc., together with its subsidiaries, engages in the production, grading, packaging, marketing, and distribution of shell eggs, egg products, and prepared foods. The company offers specialty shell eggs, including cage-free, organic, brown, free-range, and pasture-raised and nutritionally enhanced eggs, as well as conventional eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain brand names. It also provides ready-to-eat products, such as hard-cooked eggs, egg wraps, protein pancakes, crepes and wrap-ups; and sells feed, miscellaneous byproducts, and resale products. The company 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, northeastern, and mid-Atlantic regions of the United States, as well as Puerto Rico. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Farm Products Market Cap 4.04B
Enterprise Value 2.91B Income 1.15B Sales 4.21B
Book/sh 56.48 Cash/sh 23.90 Dividend Yield 9.31%
Payout 36.63% Employees 3683 IPO —
P/E 3.59 Forward P/E 21.90 PEG —
P/S 0.96 P/B 1.50 P/C —
EV/EBITDA 1.86 EV/Sales 0.69 Quick Ratio 6.40
Current Ratio 8.02 Debt/Eq — LT Debt/Eq —
EPS (ttm) 23.67 EPS next Y 3.88 EPS Growth -52.30%
Revenue Growth -19.40% Earnings 2026-04-07 ROA 32.31%
ROE 48.53% ROIC — Gross Margin 41.92%
Oper. Margin 16.18% Profit Margin 27.37% Shs Outstand 47.65M
Shs Float 43.00M Short Float 15.35% Short Ratio 3.59
Short Interest — 52W High 126.40 52W Low 71.92
Beta 0.25 Avg Volume 1.24M Volume 607.51K
Target Price $87.75 Recom None Prev Close $84.13
Price $84.88 Change 0.89%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$87.75
Mean price target
2. Current target
$84.88
Latest analyst target
3. DCF / Fair value
$304.04
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$84.88
Low
$81.00
High
$100.00
Mean
$87.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-08 main Stephens & Co. Equal-Weight → Equal-Weight $85
2026-01-08 main BMO Capital Market Perform → Market Perform $85
2025-12-30 main Stephens & Co. Equal-Weight → Equal-Weight $95
2025-12-01 init Benchmark — → Buy $100
2025-10-03 main BMO Capital Market Perform → Market Perform $97
2025-10-03 main Goldman Sachs Neutral → Neutral $98
2025-08-14 init Goldman Sachs — → Neutral $110
2025-07-24 main Stephens & Co. Equal-Weight → Equal-Weight $115
2025-07-24 main BMO Capital Market Perform → Market Perform $105
2025-07-15 main Stephens & Co. Equal-Weight → Equal-Weight $108
2025-05-06 init BMO Capital — → Market Perform $100
2025-04-23 reit Stephens & Co. Equal-Weight → Equal-Weight $97
2025-03-06 reit Stephens & Co. Equal-Weight → Equal-Weight $97
2025-02-27 reit Stephens & Co. Equal-Weight → Equal-Weight $97
2024-07-17 main Goldman Sachs Sell → Sell $52
2024-04-03 reit Stephens & Co. Equal-Weight → Equal-Weight $65
2024-03-22 main Stephens & Co. Equal-Weight → Equal-Weight $65
2024-03-12 main Goldman Sachs Sell → Sell $47
2023-12-13 main Stephens & Co. Equal-Weight → Equal-Weight $50
2023-10-04 reit Stephens & Co. Equal-Weight → Equal-Weight $47
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2432 — — Stock Award(Grant) at price 0.00 per share. BOWMAN MAX P Chief Financial Officer — 2026-01-12 00:00:00 D
1 1310 — — Stock Award(Grant) at price 0.00 per share. HUGHES LETITIA CALLENDER Director — 2026-01-12 00:00:00 D
2 1310 — — Stock Award(Grant) at price 0.00 per share. POOLE JAMES E Director — 2026-01-12 00:00:00 D
3 1310 — — Stock Award(Grant) at price 0.00 per share. SANDERS STEVE W Director — 2026-01-12 00:00:00 D
4 4097 — — Stock Award(Grant) at price 0.00 per share. MILLER SHERMAN Chief Executive Officer — 2026-01-12 00:00:00 D
5 2176 — — Stock Award(Grant) at price 0.00 per share. HOLLADAY ROBERT L. JR. General Counsel — 2026-01-12 00:00:00 D
6 1310 — — Stock Award(Grant) at price 0.00 per share. BAKER ADOLPHUS B Chairman of the Board — 2026-01-12 00:00:00 D
7 1310 — — Stock Award(Grant) at price 0.00 per share. BOULDEN MELANIE Director — 2026-01-12 00:00:00 D
8 1310 — — Stock Award(Grant) at price 0.00 per share. YOUNG CAMILLE S Director — 2026-01-12 00:00:00 D
9 784 — — Stock Award(Grant) at price 0.00 per share. GLOVER MATTHEW SAMUEL Officer — 2026-01-12 00:00:00 D
Financials
Line Item2025-05-312024-05-312023-05-312022-05-31
TaxEffectOfUnusualItems2.71M3.52M3.32M3.08M
TaxRateForCalcs0.240.230.240.20
NormalizedEBITDA1.69B425.57M1.06B219.57M
TotalUnusualItems11.30M15.19M13.71M15.24M
TotalUnusualItemsExcludingGoodwill11.30M15.19M13.71M15.24M
NetIncomeFromContinuingOperationNetMinorityInterest1.22B277.89M758.02M132.65M
ReconciledDepreciation94.02M80.24M72.23M68.39M
ReconciledCostOfRevenue2.41B1.78B1.95B1.44B
EBITDA1.70B440.76M1.07B234.81M
EBIT1.60B360.52M999.13M166.42M
NetInterestIncome48.06M31.73M17.97M585.00K
InterestExpense612.00K549.00K583.00K403.00K
InterestIncome48.67M32.27M18.55M988.00K
NormalizedIncome1.21B266.22M747.63M120.49M
NetIncomeFromContinuingAndDiscontinuedOperation1.22B277.89M758.02M132.65M
TotalExpenses2.73B2.02B2.18B1.64B
TotalOperatingIncomeAsReported1.54B312.45M967.73M143.54M
DilutedAverageShares48.89M48.87M48.83M48.73M
BasicAverageShares48.72M48.72M48.65M48.58M
DilutedEPS24.955.6915.522.72
BasicEPS25.045.7015.582.73
DilutedNIAvailtoComStockholders1.22B277.89M758.02M132.65M
NetIncomeCommonStockholders1.22B277.89M758.02M132.65M
NetIncome1.22B277.89M758.02M132.65M
MinorityInterests1.82M1.61M1.29M209.00K
NetIncomeIncludingNoncontrollingInterests1.22B276.28M756.73M132.44M
NetIncomeContinuousOperations1.22B276.28M756.73M132.44M
TaxProvision384.91M83.69M241.82M33.57M
PretaxIncome1.60B359.97M998.55M166.01M
OtherIncomeExpense18.65M19.65M16.33M27.00M
OtherNonOperatingIncomeExpenses1.13M3.04M1.87M9.82M
SpecialIncomeCharges103.00K3.86M3.48M5.11M
GainOnSaleOfPPE259.00K-26.00K131.00K-383.00K
OtherSpecialCharges156.00K-3.88M-3.35M-5.49M
EarningsFromEquityInterest6.22M1.42M746.00K1.94M
GainOnSaleOfSecurity11.20M11.33M10.24M10.13M
NetNonOperatingInterestIncomeExpense48.06M31.73M17.97M585.00K
InterestExpenseNonOperating612.00K549.00K583.00K403.00K
InterestIncomeNonOperating48.67M32.27M18.55M988.00K
OperatingIncome1.54B308.59M964.25M138.43M
OperatingExpense314.45M232.98M232.21M198.63M
SellingGeneralAndAdministration314.45M232.98M232.21M198.63M
SellingAndMarketingExpense53.86M52.28M77.55M62.68M
GeneralAndAdministrativeExpense260.59M180.69M154.66M135.95M
OtherGandA260.59M180.69M92.62M87.94M
SalariesAndWages62.03M48.02M47.10M
GrossProfit1.85B541.57M1.20B337.06M
CostOfRevenue2.41B1.78B1.95B1.44B
TotalRevenue4.26B2.33B3.15B1.78B
OperatingRevenue4.26B2.33B3.15B1.78B
Line Item2025-05-312024-05-312023-05-312022-05-31
TreasurySharesNumber26.57M26.02M26.08M26.12M
OrdinarySharesNumber48.49M49.04M48.98M48.94M
ShareIssued75.06M75.06M75.06M75.06M
TotalDebt1.44M2.38M
TangibleBookValue2.50B1.74B1.55B1.04B
InvestedCapital2.56B1.80B1.61B1.10B
WorkingCapital1.66B1.01B942.19M476.85M
NetTangibleAssets2.50B1.74B1.55B1.04B
CapitalLeaseObligations1.44M2.38M
CommonStockEquity2.56B1.80B1.61B1.10B
TotalCapitalization2.56B1.80B1.61B1.10B
TotalEquityGrossMinorityInterest2.57B1.80B1.61B1.10B
MinorityInterest5.39M-3.10M-1.50M-206.00K
StockholdersEquity2.56B1.80B1.61B1.10B
GainsLossesNotAffectingRetainedEarnings-1.01M-1.77M-2.89M-1.60M
OtherEquityAdjustments-1.01M-1.77M-2.89M-1.60M
TreasuryStock85.89M31.60M30.01M28.45M
RetainedEarnings2.57B1.76B1.57B1.07B
AdditionalPaidInCapital80.84M76.37M72.11M67.99M
CapitalStock751.00K751.00K751.00K751.00K
CommonStock751.00K751.00K751.00K751.00K
TotalLiabilitiesNetMinorityInterest518.60M387.72M344.94M323.14M
TotalNonCurrentLiabilitiesNetMinorityInterest210.23M159.97M162.21M138.47M
OtherNonCurrentLiabilities55.58M17.11M10.00M10.27M
NonCurrentDeferredLiabilities154.65M142.87M152.21M128.20M
NonCurrentDeferredTaxesLiabilities154.65M142.87M152.21M128.20M
LongTermDebtAndCapitalLeaseObligation747.00K1.47M
LongTermCapitalLeaseObligation747.00K1.47M
CurrentLiabilities308.37M227.74M182.73M184.67M
CurrentDebtAndCapitalLeaseObligation696.00K906.00K
CurrentCapitalLeaseObligation696.00K906.00K
PayablesAndAccruedExpenses308.37M227.74M182.73M184.67M
CurrentAccruedExpenses93.17M70.77M54.72M40.28M
Payables215.20M156.97M128.01M144.39M
DividendsPayable114.16M37.76M37.13M36.66M
TotalTaxPayable0.0043.35M8.29M25.69M
IncomeTaxPayable0.0043.35M8.29M25.69M
AccountsPayable101.03M75.86M82.59M82.05M
TotalAssets3.08B2.18B1.95B1.43B
TotalNonCurrentAssets1.12B942.92M829.60M765.97M
OtherNonCurrentAssets16.80M12.72M10.71M10.51M
InvestmentsAndAdvances11.10M11.20M14.45M15.53M
LongTermEquityInvestment11.10M11.20M14.45M15.53M
InvestmentsinAssociatesatCost54.94M
GoodwillAndOtherIntangibleAssets61.93M61.77M59.90M62.14M
OtherIntangibleAssets15.16M16.00M15.90M18.13M
Goodwill46.78M45.78M44.01M44.01M
NetPPE1.03B857.23M744.54M677.80M
AccumulatedDepreciation-879.14M-804.94M-739.22M-677.79M
GrossPPE1.91B1.66B1.48B1.36B
ConstructionInProgress148.62M121.27M98.61M71.97M
OtherProperties1.38M2.25M
MachineryFurnitureEquipment876.02M782.74M715.21M655.92M
BuildingsAndImprovements722.55M627.12M552.67M517.86M
LandAndImprovements158.63M131.05M117.28M109.83M
Properties0.000.000.000.00
CurrentAssets1.97B1.24B1.12B661.52M
OtherCurrentAssets7.98M5.24M5.38M4.29M
PrepaidAssets5.38M4.29M5.41M
Inventory295.67M261.78M284.42M263.32M
FinishedGoods29.74M25.22M28.32M26.94M
RawMaterials265.93M236.56M256.10M236.38M
Receivables272.36M162.44M187.21M219.40M
OtherReceivables15.22M13.43M9.27M8.15M
TaxesReceivable13.06M10.46M66.97M42.15M
AccountsReceivable244.08M138.55M110.98M169.11M
AllowanceForDoubtfulAccountsReceivable-745.00K-490.00K-579.00K-775.00K
GrossAccountsReceivable244.82M139.04M111.56M169.88M
CashCashEquivalentsAndShortTermInvestments1.39B812.38M647.91M174.51M
OtherShortTermInvestments892.71M574.50M355.09M115.43M
CashAndCashEquivalents499.39M237.88M292.82M59.08M
Line Item2025-05-312024-05-312023-05-312022-05-31
FreeCashFlow1.06B304.28M726.44M53.81M
RepurchaseOfCapitalStock-53.95M-1.69M-1.64M-1.13M
RepaymentOfDebt-2.48M-214.00K-224.00K-215.00K
CapitalExpenditure-161.25M-147.12M-136.57M-72.40M
InterestPaidSupplementalData561.00K379.00K508.00K
IncomeTaxPaidSupplementalData426.17M35.10M258.25M1.75M
EndCashPosition500.42M237.88M292.82M59.08M
BeginningCashPosition237.88M292.82M59.08M57.35M
ChangesInCash262.54M-54.95M233.74M1.73M
FinancingCashFlow-386.72M-93.76M-254.16M-7.46M
CashFlowFromContinuingFinancingActivities-386.72M-93.76M-254.16M-7.46M
NetOtherFinancingCharges3.00K5.00K
CashDividendsPaid-330.29M-91.86M-252.29M-6.12M
CommonStockDividendPaid-330.29M-91.86M-252.29M-6.12M
NetCommonStockIssuance-53.95M-1.69M-1.64M-1.13M
CommonStockPayments-53.95M-1.69M-1.64M-1.13M
NetIssuancePaymentsOfDebt-2.48M-214.00K-224.00K-215.00K
NetLongTermDebtIssuance-2.48M-214.00K-224.00K-215.00K
LongTermDebtPayments-2.48M-214.00K-224.00K-215.00K
InvestingCashFlow-575.47M-412.59M-375.11M-117.02M
CashFlowFromContinuingInvestingActivities-575.47M-412.59M-375.11M-117.02M
NetOtherInvestingChanges7.66M
DividendsReceivedCFI4.05M3.00M1.50M400.00K
NetInvestmentPurchaseAndSale-305.95M-214.63M-238.95M-5.54M
SaleOfInvestment907.64M358.93M291.83M92.70M
PurchaseOfInvestment-1.21B-573.57M-530.78M-98.24M
NetBusinessPurchaseAndSale-116.19M-54.11M-1.67M-47.82M
PurchaseOfBusiness-116.19M-54.11M-1.67M-47.82M
NetPPEPurchaseAndSale-157.37M-146.84M-135.99M-71.71M
SaleOfPPE3.88M272.00K580.00K686.00K
PurchaseOfPPE-161.25M-147.12M-136.57M-72.40M
OperatingCashFlow1.22B451.40M863.01M126.21M
CashFlowFromContinuingOperatingActivities1.22B451.40M863.01M126.21M
ChangeInWorkingCapital-103.19M101.60M6.86M-75.27M
ChangeInOtherWorkingCapital-51.28M91.01M-45.11M18.95M
ChangeInPayablesAndAccruedExpense65.31M9.35M14.94M29.99M
ChangeInPayable-2.85M54.78M-1.41M
ChangeInAccountPayable-2.85M54.78M-1.41M
ChangeInInventory-12.22M28.80M-21.10M-36.15M
ChangeInReceivables-105.00M-27.57M58.13M-88.06M
OtherNonCashItems-426.00K-1.41M-1.49M-9.10M
StockBasedCompensation4.53M4.36M4.21M4.06M
UnrealizedGainLossOnInvestmentSecurities17.00K-745.00K1.81M
AssetImpairmentCharge2.00M0.000.00
AmortizationOfSecurities-4.38M977.00K890.00K
DeferredTax11.57M-9.67M24.47M5.68M
DeferredIncomeTax11.57M-9.67M24.47M5.68M
DepreciationAmortizationDepletion94.02M80.24M72.23M68.39M
DepreciationAndAmortization94.02M80.24M72.23M68.39M
OperatingGainsLosses-817.00K-13.80M2.34M
EarningsLossesFromEquityInvestments-746.00K-6.49M-622.00K
GainLossOnInvestmentSecurities60.00K-2.21M-22.00K
GainLossOnSaleOfPPE-131.00K-5.11M2.98M
NetIncomeFromContinuingOperations1.22B276.28M756.73M132.44M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CALM
Date User Asset Broker Type Position Size Entry Price Patterns