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CALM
Cal-Maine Foods, Inc.NASDAQConsumer StaplesFarm ProductsSnapshot 2026-06-12
Watch· this month
$78.10-2.22%
Close 2026-06-12 · 1-day change
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is neutral, and earnings quality is also neutral. Risk is elevated, and the sector backdrop is a headwind. Compared with sector peers, CALM trades above typical levels, and its earnings yield is relatively high. Peer multiples imply a price about 60% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. The analysis is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Consumer Staples
- Industry
- Farm Products
- Market cap
- $3.78B
- Employees
- —
- IPO date
- 1996-10-25
- Next earnings
- 2026-07-28
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $78.10. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryinexpensive
$197.42consensus
Range $134.97 – $239.87
vs price: -60% below
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$145.00consensus
Range $113.04 – $176.97
vs price: -46% below
Method agreement — · 2 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peersmedium confidence
At $78 CALM trades at 5× p/e, below its 13× p/e peer median. Our $197 fair value sits above the price; medium confidence. Not investment advice.
Multiple (P/E)
5.5x
peer 13.5x · own history 5.5x
Premium
0.4x peer
1.0x its own history
Growth the price needs
-60%
our forecast -30%
Our fair value
$196.59
range $134.97 – $234.05
WhyPeer anchor overstates the discount
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
inexpensivecheap — quality intact12-month view
What's priced inJustified
The price implies about 60% below a flat-multiple fair value, below our forecast of about -30%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Consumer Staples names rated neutral grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=1526).
36th pctl · Consumer Staples
Earnings quality
neutralOver the trailing year it converted 1.28x of net income into operating cash flow. Historically, Consumer Staples names rated neutral grew net income 52% of the time over the next year (vs 57% for the rest of the cohort, n=1382).
31st pctl · Consumer Staples
Macro sensitivity
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
Management & capital allocation
Not enough signal yet.
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullishEPS revised +5.8% / 30d, n=1for period ending 2026-08-31
Why this setup
Consensus revisions
EPS estimate $0.52 → $0.55 (+5.8% / 30d). 1 raised, 0 cut, 1 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 25% of analysts rate Buy.
Price target activity
1 PT revisions / 30d. Avg target 32.5% above current price.
Sector context
Intermediate · WeeklySector phase: consumer staples is in maturing, with decelerating (~3.0 years in phase).
Sector regime (90d momentum): headwind.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- neutral
- Balance sheet
- strong
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$109.
How much price usually moves either way.
On a bad day, this stock has moved -$277.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,700.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- Either wayHigh confidenceWeeksactive 14d
Watch for CPI data on June 10, 2026
Why it matters: CPI data affects how much people spend. This could change Cal-Maine's pricing power.
What confirms / what disproves
Confirms one read:CPI increases more than 0.3% month over month.
Confirms the other:CPI increases less than 0.1% month over month.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for CALM yet.
This sector is also watching
- Watch for Consumer Price Index data on June 10
- Watch for Advance Monthly Retail Trade Report on June 17
- Watch for FOMC decision on June 17
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If CALM raises forward guidance on the next earnings call (currently NEW as of 2026-04-01), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for CALM and other Consumer Staples names, since rate-sensitive parts of the market tend to rally when the Fed eases.
Downside triggers
- If CALM cuts guidance on the next call (currently NEW as of 2026-04-01), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- Consumer Staples has been in a strong run; if sector bellwethers like ADM, BG, and TSN start showing cracks (missed prints, soft guidance), CALM and other Consumer Staples names could lose the sector tailwind.
- If CALM misses again next quarter like this past one (a miss of -9% on the 2026-02-28 print), expect continued pressure. The Street usually keeps walking estimates down after consecutive misses.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
No material events in the last 90 days.
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
About the same as last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.