Cal-Maine Foods Inc.CALMDON'T BUYMar 10, 2025Stock price when the opinion was issued
As of May 29, 2026. Market Open.
Egg prices have gone from $8 in March 2025 down to $1.15 in October. This declineis going to be a weight on shares and CALM does tend to have the large ebbs and flows. The valuation is accounting for a slowdown already, at 10X forward earnings. We think it is fine to hold but a bit of patience might be needed here.
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Shares are down, because people feel that the shortage will end. Trades at a 4-5x PE, so shares will go lower, and it's not as cheap as you think.