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Stock impact report

Benchmark Starts Cal-Maine (CALM) at Buy, Sees Mispriced Earnings Power [Yahoo! Finance]

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
Company Research Source: Yahoo! Finance
On December 1, Benchmark began coverage of Cal-Maine Foods, Inc. (NASDAQ:CALM) with a Buy rating and a $100 price target. While the Cal-Maine name is widely recognized, the firm believes the stock's valuation is “over-indexed to its legacy as a commodity producer.” In Benchmark's view, the market is underestimating major changes underway in the egg category and Cal-Maine's shift toward higher-value specialty products. That mix shift, along with an expansion into prepared foods and a move away from market-based pricing toward contract-based pricing, adds up to what the firm describes as “a positive step change in earnings power.” It also improves long-term growth visibility, according to the analyst. On December 3, Cal-Maine Foods, Inc. (NASDAQ:CALM) announced a new $15 million network optimization and capacity expansion project at Echo Lake Foods. The project is expected to add 17 million pounds of annual scrambled egg production by mid-fiscal 2027. The plan brings all scrambled Show less Read more
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