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Cal-Maine Foods, Inc. (CALM)

  • Yesterday, 9:55 AM
    • Cal-Maine Foods (CALM +6.6%) trades higher after BB&T Capital Markets upgrades the company to a Buy rating from Hold.
    • Egg prices are still a driving force behind short-term analysis on Cal-Maine.
    • USDA report on the egg market (.pdf)
    | Yesterday, 9:55 AM | Comment!
  • 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.
    | Wed, Aug. 19, 10:16 AM | 7 Comments
  • 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. 27, 2:57 PM | Comment!
  • Mon, Jul. 20, 9:14 AM
    | Mon, Jul. 20, 9:14 AM | 17 Comments
  • 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, 8:24 AM | 4 Comments
  • Mon, Jul. 20, 6:58 AM
    • Cal-Maine Foods (NASDAQ:CALM) reports egg sales rose 6.2% Y/Y to 264.883M in FQ4.
    • Specialty egg volumes increased 21% Y/Y.
    • Average price +2.65% to $1.471 per dozen.
    • Gross margin rate grew 257 bps to 27.14%.
    • Operating margin rate increased 372 bps to 16.51%.
    • CALM -0.17% premarket.
    | Mon, Jul. 20, 6:58 AM | Comment!
  • Mon, Jul. 20, 6:32 AM
    • Cal-Maine Foods (NASDAQ:CALM): FQ4 EPS of $0.95 misses by $0.09.
    • Revenue of $403.01M (+8.5% Y/Y) misses by $14.94M.
    • Press Release
    | Mon, Jul. 20, 6:32 AM | Comment!
  • 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. 17, 9:19 AM | 19 Comments
  • 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.
    | Fri, Jul. 10, 1:36 PM | 2 Comments
  • Mon, Jun. 29, 12:10 PM
    | Mon, Jun. 29, 12:10 PM | Comment!
  • 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.
    | Fri, Jun. 26, 11:08 AM | 3 Comments
  • 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. 17, 9:30 AM | 12 Comments
  • 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.
    | Wed, Jun. 10, 8:56 AM | 7 Comments
  • Thu, Jun. 4, 3:08 PM
    • Shares of Cal-Maine Foods (CALM +1.7%) trade higher after a large chicken farm in Minnesota reports a case of avian flu.
    • Cal-Maine has benefited on pricing with most of the damage from the flu outbreak in states where the company doesn't have flocks.
    • CALM +52% over the last 90 days.
    | Thu, Jun. 4, 3:08 PM | 1 Comment
  • 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.
    | Fri, May 22, 8:20 AM | 6 Comments
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Company Description
Cal-Maine Foods Inc is a producer and marketer of shell eggs in the United States. The Company's main business is the production, grading, packaging, marketing and distribution of shell eggs.
Industry: Farm Products
Country: United States