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Cal-Maine Foods, Inc. (CALM)

  • Today, 8:20 AM
    • The avian flu outbreak in the U.S. has led to the deaths of close to 39M birds and disrupted both the egg and poultry industries.
    • A higher concentration of chickens on fewer commercial farms has increased the impact of a single case of the virus at a location.
    • Consumers are expected to bear the brunt of higher egg prices, while egg producers such as Cal-Maine Foods (NASDAQ:CALM) operating outside the area of the outbreak will see a benefit from the jump in market prices.
    • Related stocks: PPC, SYY, HRL, TSN, SAFM.
  • Mon, May 18, 11:04 AM
    • Stephens upgrades Cal-Maine Foods (CALM +7.4%) to an Overweight rating.
    • The investment firm sets a $65 price target on the stock.
    • Shares of Cal-Maine Foods are up 51% YTD with the impact of an avian flu outbreak in the Midwest on pricing a significant factor over the last two months.
    • Previously: Cal-Maine Foods rallies again (May. 11 2015)
  • Mon, May 11, 10:34 AM
    • Shares of Cal-Maine Foods (NASDAQ:CALM) are up 11.3% on heavy volume in a rally that could be spurred by some burning of shorts.
    • Though short interest has build up in Cal-Maine since last fall, the stock has held up and sits close to its 52-week high.
    • Cal-Maine showed margin improvement with its last quarterly report.
    • Previously: More on Cal-Main Foods' FQ3 (Mar. 30 2015)
  • Mon, May 4, 7:53 AM
    • A state of emergency has been declared in Iowa to deal with an escalating outbreak of avian bird flu.
    • The number of affected birds in the state is estimated to be as high as 16M in a development that affects the egg, chicken, and turkey industries in the region.
    • Scientists think the virus could taper off when temperatures in the Midwest move higher.
    • Related stocks: TSN, PPC, HRL, SAFM, CALM, OTCQX:JBSAY, BRFS.
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  • Tue, Apr. 28, 1:13 PM
    • Shares of Cal-Maine Foods (CALM +13.4%) fly higher on strong volume in a move that could be ending the dreams of some shorts.
    • Short interest on CALM has been on the rise since January.
    • Volume on CALM is already 2X normal daily activity.
    • On the fundamental side, strong pricing trends and lower feed costs have helped Cal-Maine grow margins.
  • Tue, Apr. 28, 12:45 PM
  • Thu, Apr. 9, 7:05 AM
    • Cal-Maine Foods (NASDAQ:CALM) announces it created a new joint venture with Rose Acre Farms for egg production.
    • The new cage-free facility will have the capability to house up to 2.9M birds, although the company's current plans call for initial capacity of 1.8M laying hens.
    • The egg farm will be located in Bogata, Texas.
  • Mon, Mar. 30, 9:18 AM
    • Cal-Maine Foods (NASDAQ:CALM) reports egg sales rose 5.24% Y/Y to 283.03M in FQ3.
    • Specialty egg volumes increased 22.6% Y/Y.
    • Average price +6.14% to $1.50 per dozen.
    • Specialty-egg sales accounted for 26.9% of total revenue, up 320 bps from a year ago.
    • Gross margin rate +248 bps to 25.71%.
    • Operating margin rate grew 468 bps to 16.46%.
    • CALM -0.20% premarket.
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  • Mon, Mar. 30, 6:33 AM
    • Cal-Maine Foods (NASDAQ:CALM): FQ3 EPS of $1.05 misses by $0.05.
    • Revenue of $437.56M (+10.6% Y/Y) beats by $26.86M.
    • Press Release
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  • Sun, Mar. 29, 5:30 PM
  • Wed, Mar. 25, 10:09 AM
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  • Thu, Jan. 15, 10:02 AM
    • Food stocks are trading higher after a read on producer prices comes in below expectations.
    • A dive into the report shows the foods/feeds category experienced a 0.8% decline in December.
    • Pilgrim's Pride (PPC +4.4%)is leading the sector, boosted by the announcement of a special dividend.
    • Gainers: Kraft Foods Group (NASDAQ:KRFT) +2.5%, Sanderson Farms (NASDAQ:SAFM) +2.3%, Amira Nature Foods (NYSE:ANFI) +2.0%, Pinnacle Foods (NYSE:PF) +1.0%, Cal-Maine Foods (NASDAQ:CALM) +1.0%.
  • Dec. 23, 2014, 4:06 PM
    • Cal-Maine Foods (NASDAQ:CALM): FQ2 EPS of $0.76 in-line.
    • Revenue of $378.6M (+6.9% Y/Y)
    • Shares -0.34% AH.
    • Press Release
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  • Dec. 22, 2014, 5:35 PM
  • Dec. 17, 2014, 10:33 AM
    • Cal-Maine Foods (CALM +7.9%) rallies after being upgraded by Sidoti to a Buy rating from Neutral.
    • The investment firm has changed its rating three times on CALM since July, with shares typically tilting with the Sidoti wind.
    • Cal-Maine Foods reports FQ2 earnings on December 23. Egg pricing during the quarter will be a focus.
  • Nov. 17, 2014, 12:03 PM
    • Tyson Foods (TSN +4.8%) saw strong pricing in beef and pork help boost its bottom line in FQ4.
    • Though a consumer trade-down to chicken could shift the mix over the next quarter, the company thinks sales to restaurants will improve.
    • Other meat stocks are also gaining off the strong read from Tyson.
    • Gainers: Hormel (NYSE:HRL) +0.7%, Sanderson Farms (NASDAQ:SAFM) +0.9%, Pilgrim's Pride (NASDAQ:PPC) +1.3%, Cal-Maine Foods (NASDAQ:CALM) +1.1%.
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Company Description
Cal-Maine Foods Inc is a producer and marketer of shell eggs in the United States. Its main business is the production, grading, packaging, marketing and distribution of shell eggs.
Industry: Farm Products
Country: United States