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, 6:32 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.
Mon, Jun. 29, 12:10 PM
- Cal-Maine Foods (CALM -5.3%) blows off some steam after riding an upgrade last week to back over $56 last week.
- Traders think some investors are taking profits.
- Shares of the egg seller are still up 33% YTD and topped out at $60.72 in May.
- Related: Cal-Maine Benefits From Egg Shortage (June 25)
- Related: Avian Influenza Pair Trade, Part 1: Long Cal Maine Foods, Short Post Holdings (June 26)
- Previously: Cal-Maine Foods +4% after D.A. Davidson nod (June 26)
Fri, Jun. 26, 11:08 AM
- Cal-Maine Foods (CALM +3.9%) is in rally mode again after D.A. Davidson initiates coverage with a Buy rating.
- The investment firm sets a $65 price target on shares.
- The distance between Cal-Maine's production facilities from the heart of the bird flu epidemic in the Midwest has put it in a advantageous position. The company only has limited exposure to China (~0.07%) which has been banned poultry-related imports.
- CALM +43.4% YTD.
Wed, Jun. 17, 9:30 AM
- The impact of the bird flu in the the Midwest part of the U.S. is impacting the egg and chicken markets in different ways, according to data from the USDA.
- A restriction on imports from the U.S. from some nations has increased the domestic supply of chickens to be sold to sellers. Prices for bulk leg quarters, drumsticks, and boneless/skinless thigh meat all fell by 19% or more Y/Y.
- Egg prices were dramatically higher with most outbreaks associated with poultry farms where chickens are raised for their eggs.
- Turkey prices are moderately higher.
- Chicken stocks have been volatile the past few months off of news on the avian flu.
- Related stocks: PPC, SYY, HRL, TSN, SAFM, CALM, ADM.
Wed, Jun. 10, 8:56 AM
- Egg prices continue to soar as the avian flu ravages chicken farms across five states in the Midwest.
- The outbreak has reduced the national flock by 12%, according to an academic study.
- In a separate development, an undercover study by the Humane Society has identified abusive policies at egg suppliers for Costco (NASDAQ:COST).
- The animal rights group is pushing for broad industry reform on the living conditions of chickens.
- The spike in egg prices has been passed on to varying degrees to consumers, although some companies have felt a margin pinch.
- Egg pricing is in the background at McDonald's (NYSE:MCD), Denny's (NASDAQ:DENN), Nestle (OTCPK:NSRGY), Dunkin' Brands (NASDAQ:DNKN), Post Holdings (NYSE:POST), and Dine Equity (NYSE:DIN) via IHOP.
- Cal-Maine Foods (NASDAQ:CALM) and Archer Daniels Midland (NYSE:ADM) have been positioned to benefit from the egg squeeze.
- The hardest hit group is local bakeries which rely on eggs at market prices.
Thu, Jun. 4, 3:08 PM
Fri, May 22, 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)
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