Tue, Oct. 20, 8:19 AM
- Cal-Maine Foods (NASDAQ:CALM) is downgraded by Stephens to an Equal Weight ratingr after being set previously at Buy.
- The average price target on the Street on Cal-Maine is $65.25 implies marginal upside potential.
- Shares of Cal-Maine have soared 62% YTD off of strong egg pricing trends. A 52-week high of $63.25 was struck yesterday.
- CALM -1.11% premarket to $62.44.
Thu, Oct. 1, 4:15 PM
- Starbucks (NASDAQ:SBUX) is the latest large food company to say it plans to transition to the use of only cage-free eggs.
- The company plans to make the switch before 2020.
- Within the egg sector, Cal-Maine Foods (NASDAQ:CALM) ended the day up 3.41%, although that move may be unrelated to the Starbucks development. However, Cal-Maine is increasing its focus on cage-free egg production through a new JV.
Mon, Sep. 28, 9:13 AM
- Cal-Maine Foods (NASDAQ:CALM) trades lower in early action despite a monster move for its margin rates in FQ1 compared to a year ago.
- The benefit to Cal-Maine's bottom line from the big jump in egg prices came in lower than some optimistic pencil-on-napkin projections.
- Previously: Cal-Maine Foods misses by $0.19, beats on revenue (Sep. 28 2015)
- Previously: More on Cal-Main Foods' FQ1 (Sep. 28 2015)
- CALM -8.85% premarket to $52.52.
Mon, Sep. 28, 7:03 AM
- Cal-Maine Foods (NASDAQ:CALM) reports sales rose 70.9% as the average selling price for shell eggs grew to the record levels of 65.7% to $2.243 per dozen.
- Egg sales rose 2.8% Y/Y to 258.774M.
- Specialty-egg sales accounted for 27.1% of total revenue, down 270 bps Y/Y.
- Gross margin rate improved drastically 2041 bps to 43.13% due to egg prices.
- Operating margin rate increased 2456 bps to 36.09%.
- FQ1 results
Mon, Sep. 28, 6:32 AM
Sun, Sep. 27, 5:30 PM
Mon, Aug. 31, 9:55 AM
Wed, Aug. 19, 10:16 AM
- Egg prices rose 3.3% M/M in July, according to BLS data.
- Egg prices were up 25% during the month compared to a year ago on an adjusted basis.
- Shares of Cal-Maine Foods (NASDAQ:CALM) are down 1.28% today and are 16% below their highs in May as the company has failed to generate as much profit off of the high prices as some investors anticipated.
- Egg pricing is also a major factor for some restaurants chains with a heavy focus on breakfast. Bob Evans (NASDAQ:BOBE), Denny's (NASDAQ:DENN), and IHOP (NYSE:DIN) top the list.
Mon, Jul. 27, 2:57 PM
- Shares of Cal-Maine Foods (CALM +5.1%) are higher on solid volume to now stand above where they stood before the company's Q2 earnings report prompted some selling pressure.
- Cal-Maine remains well-positioned to benefit from higher egg prices and is set to increase production of specialty eggs through a partnership with Rose Acre Farms.
- Previously: More on Cal-Main Foods' FQ4 (Jul. 20 2015)
- Previously: Cal-Maine Foods -11% early after missing high-flying expectations (Jul. 20 2015)
Mon, Jul. 20, 9:14 AM
Mon, Jul. 20, 8:24 AM
- Shares of Cal-Maine Foods (NASDAQ:CALM) slide in early trading after the company missed profit estimates.
- Cal-Maine's increase in average selling price of 2.6% was lower than some expectations.
- Execs noted that egg prices have moved "significantly higher" in recent months in a trend which bodes well for FQ1.
- CALM -10.89% premarket to $48.02 to cut into the stock's formidable 2015 run.
Mon, Jul. 20, 6:58 AM| Mon, Jul. 20, 6:58 AM | Comment!
Mon, Jul. 20, 6:32 AM
Sun, Jul. 19, 5:30 PM
Fri, Jul. 17, 9:19 AM
- Today's read on consumer prices led to a completely different story for milk and eggs.
- The broad milk price category was down 1.1% M/M and 7.1% Y/Y to offer some relief for a wide variety of companies that includes McDonald's (NYSE:MCD), Starbucks (NASDAQ:SBUX), Coca-Cola (NYSE:KO), Dean Foods (NYSE:DF), WhiteWave Foods (NYSE:WWAV), and General Mills (NYSE:GIS). Milk prices also fell in April and May.
- Egg prices skyrocketed 18.3% M/M and are now 22% higher from a year ago on an unadjusted basis. Cal-Maine Foods (NASDAQ:CALM) has been shooting higher all year off of elevated egg prices amid an avian flu outbreak.
- Bureau of Labor Statistics CPI data
Fri, Jul. 10, 1:36 PM
- Cal-Maine Foods (CALM +2%) trades at only five times the firm's earnings projection for the fiscal year just started vs. the 17X multiple of the S&P 500, notes Barron's.
- The company has been a well-documented beneficiary of the spike in egg prices due to the avian influenza. The egg supply issue has gone on longer than some analysts forecast.
- The egg windfall is expected to double Cal-Maine's free cash flow to $277M by next May which is a level over 11% of the stock's market cap.
- CALM +36.5% YTD.
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