Eldred Rock Partners LLC Trims Stake in Cal-Maine Foods, Inc. $CALM

Eldred Rock Partners LLC reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 119,344 shares of the basic materials company’s stock after selling 14,897 shares during the quarter. Cal-Maine Foods makes up approximately 2.5% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 25th biggest position. Eldred Rock Partners LLC’s holdings in Cal-Maine Foods were worth $9,496,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CALM. Dimensional Fund Advisors LP grew its holdings in Cal-Maine Foods by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,052,171 shares of the basic materials company’s stock valued at $193,118,000 after purchasing an additional 39,669 shares during the period. State Street Corp lifted its position in shares of Cal-Maine Foods by 6.8% during the 2nd quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock valued at $171,038,000 after buying an additional 108,578 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cal-Maine Foods by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 1,618,491 shares of the basic materials company’s stock valued at $152,300,000 after buying an additional 54,757 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Cal-Maine Foods by 60.1% during the 2nd quarter. Squarepoint Ops LLC now owns 934,037 shares of the basic materials company’s stock valued at $93,058,000 after acquiring an additional 350,771 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Cal-Maine Foods by 8.4% during the 3rd quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock valued at $84,734,000 after acquiring an additional 70,063 shares during the period. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CALM has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. BMO Capital Markets decreased their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Finally, Stephens lifted their target price on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $93.00.

Cal-Maine Foods Trading Down 6.3%

NASDAQ:CALM opened at $78.10 on Friday. The stock has a 50-day moving average price of $83.58 and a 200 day moving average price of $86.10. The stock has a market capitalization of $3.72 billion, a P/E ratio of 5.44 and a beta of 0.32. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The business had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. During the same period in the prior year, the company posted $10.39 EPS. The firm’s revenue for the quarter was down 53.0% compared to the same quarter last year. On average, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, January 28th were given a dividend of $0.72 per share. The ex-dividend date was Wednesday, January 28th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.7%. Cal-Maine Foods’s dividend payout ratio is currently 12.21%.

Key Headlines Impacting Cal-Maine Foods

Here are the key news stories impacting Cal-Maine Foods this week:

• Positive Sentiment: Q3 EPS beat expectations and margins stayed strong, showing the company can protect profitability even as volumes/prices swing. Cal‑Maine Foods Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Management highlighted deeper integration of specialty eggs and prepared‑foods, which diversify revenue and are helping stabilize margins versus volatile commodity white‑egg pricing. Cal Maine Foods Deepens Integration As Specialty Eggs Reshape Earnings Profile
• Positive Sentiment: Board strengthening with a new independent director signals a focus on governance and capital‑allocation discipline, which can support long‑term investor confidence. Cal‑Maine Foods Welcomes Dudley D. Wooley to Board of Directors
• Neutral Sentiment: Full earnings call transcript and slide deck are available for detail (useful for investors wanting management’s guidance/comments on pricing and segment trends). Cal‑Maine (CALM) Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Wall Street reaction is mixed across food peers; analysts see Cal‑Maine as a relative bright spot but remain cautious on the sector’s pricing dynamics. What Wall Street Expects From These 3 Food Giants After Mixed Earnings
• Negative Sentiment: Revenue plunged ~53% YoY as conventional egg prices collapsed, a top‑line hit that limits upside despite the EPS beat and raises near‑term earnings uncertainty. Cal‑Maine Foods Sales Sink on Lower Egg Prices
• Negative Sentiment: Retail egg prices tumbled (~70% in some measures), pressuring volumes and margins for conventional products — the short‑term commodity shock likely explains intraday volatility and the stock pullback. Just in time for Easter: Egg prices tumbled 70%, and here’s how people responded

Cal-Maine Foods Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It 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, and mid-Atlantic regions of the United States.