Cal-Maine Foods (CALM) Stock Forecast, Price Target & Predictions
CALM Stock Forecast
Cal-Maine Foods stock forecast is as follows: an average price target of $65.00 (represents a -6.31% downside from CALM’s last price of $69.38) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
CALM Price Target
The average price target for Cal-Maine Foods (CALM) is $65.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $65.00. This represents a potential -6.31% downside from CALM's last price of $69.38.
CALM Analyst Ratings
According to 3 Wall Street analysts, Cal-Maine Foods's rating consensus is 'Buy'. The analyst rating breakdown for CALM stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 1 'Hold' (33.33%), 1 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).
Cal-Maine Foods Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 22, 2024 | Ben Bienvenu | Stephens | $65.00 | $61.17 | 6.26% | -6.31% |
| Sep 29, 2023 | Ben Bienvenu | Stephens | $47.00 | $49.02 | -4.11% | -32.26% |
| Dec 29, 2022 | Ben Bienvenu | Stephens | $67.00 | $53.05 | 26.31% | -3.43% |
The latest Cal-Maine Foods stock forecast, released on Mar 22, 2024 by Ben Bienvenu from Stephens, set a price target of $65.00, which represents a 6.26% increase from the stock price at the time of the forecast ($61.17), and a -6.31% decrease from CALM last price ($69.38).
Cal-Maine Foods Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $56.00 |
| Last Closing Price | $69.38 | $69.38 | $69.38 |
| Upside/Downside | -100.00% | -100.00% | -19.29% |
In the current month, the average price target of Cal-Maine Foods stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cal-Maine Foods's last price of $69.38. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 03, 2023 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Oct 03, 2023 | Goldman Sachs | Sell | Sell | Hold |
| Sep 29, 2023 | Morgan Stanley | Overweight | Overweight | Hold |
| Jul 07, 2023 | Goldman Sachs | Sell | Sell | Hold |
| Dec 29, 2022 | Stephens | Overweight | Overweight | Hold |
Cal-Maine Foods's last stock rating was published by Stephens on Oct 03, 2023. The company gave CALM a "Equal-Weight" rating, the same as its previous rate.
Cal-Maine Foods Financial Forecast
Cal-Maine Foods Revenue Forecast
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $523.23M | $459.34M | $688.68M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $280.57M | $383.99M |
| Avg Forecast | $463.35M | $503.25M | $537.33M | $543.45M | $501.51M | $539.41M | $594.49M | $638.43M | $652.32M | $692.35M | $525.39M | $479.52M | $612.94M | $888.21M | $797.80M | $529.92M | $576.06M | $468.84M | $387.77M | $318.40M | $391.22M | $368.66M | $333.49M | $284.08M | $454.25M | $338.08M | $324.07M | $254.52M | $290.88M | $383.57M |
| High Forecast | $463.35M | $503.25M | $537.33M | $543.45M | $501.51M | $539.41M | $594.49M | $774.82M | $652.32M | $692.35M | $526.09M | $479.52M | $612.94M | $888.21M | $797.80M | $635.91M | $691.27M | $482.65M | $399.19M | $327.78M | $402.75M | $379.52M | $343.32M | $292.45M | $467.63M | $348.04M | $333.62M | $262.02M | $299.45M | $394.87M |
| Low Forecast | $463.35M | $503.25M | $537.33M | $543.45M | $501.51M | $539.41M | $594.49M | $486.69M | $652.32M | $692.35M | $524.70M | $479.52M | $612.94M | $888.21M | $797.80M | $423.94M | $460.85M | $455.02M | $376.34M | $309.02M | $379.69M | $357.80M | $323.66M | $275.71M | $440.86M | $328.11M | $314.52M | $247.02M | $282.31M | $372.26M |
| # Analysts | 1 | 1 | 1 | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 6 | 5 | 12 | 19 | - | 1 | 1 | 9 | 9 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.96% | 1.12% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.00% |
Cal-Maine Foods's average Quarter revenue forecast for Mar 24 based on 1 analysts is $692.35M, with a low forecast of $692.35M, and a high forecast of $692.35M. CALM's average Quarter revenue forecast represents a 32.32% increase compared to the company's last Quarter revenue of $523.23M (Dec 23).
Cal-Maine Foods EBITDA Forecast
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 6 | 5 | 12 | 19 | - | 1 | 1 | 9 | 9 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $74.22M | $12.47M | $189.56M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-12.48M | $69.01M |
| Avg Forecast | $60.67M | $65.89M | $70.36M | $71.16M | $65.66M | $70.63M | $77.84M | $83.59M | $85.41M | $87.01M | $68.79M | $62.79M | $80.26M | $79.10M | $104.46M | $-26.32M | $90.21M | $71.91M | $31.80M | $-20.81M | $6.15M | $36.34M | $140.58M | $-13.43M | $89.65M | $16.31M | $-7.88M | $-41.94M | $-10.39M | $58.19M |
| High Forecast | $60.67M | $65.89M | $70.36M | $71.16M | $65.66M | $70.63M | $77.84M | $101.45M | $85.41M | $104.41M | $68.88M | $62.79M | $80.26M | $94.92M | $104.46M | $-21.06M | $108.26M | $86.29M | $38.16M | $-16.65M | $7.38M | $43.61M | $168.70M | $-10.74M | $107.58M | $19.58M | $-6.31M | $-33.56M | $-8.31M | $69.82M |
| Low Forecast | $60.67M | $65.89M | $70.36M | $71.16M | $65.66M | $70.63M | $77.84M | $63.73M | $85.41M | $69.61M | $68.70M | $62.79M | $80.26M | $63.28M | $104.46M | $-31.58M | $72.17M | $57.53M | $25.44M | $-24.97M | $4.92M | $29.07M | $112.46M | $-16.11M | $71.72M | $13.05M | $-9.46M | $-50.33M | $-12.47M | $46.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.08% | 0.20% | 2.36% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.19% |
1 analysts predict CALM's average Quarter EBITDA for Mar 24 to be $87.01M, with a high of $104.41M and a low of $69.61M. This is 17.23% upper than Cal-Maine Foods's previous annual EBITDA (Dec 23) of $74.22M.
Cal-Maine Foods Net Income Forecast
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 6 | 5 | 12 | 19 | - | 1 | 1 | 9 | 9 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $17.01M | $926.00K | $110.93M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-19.76M | $39.78M |
| Avg Forecast | $20.05M | $52.81M | $89.00M | $110.03M | $24.61M | $58.36M | $92.42M | $126.17M | $118.02M | $48.97M | $40.43M | $16.14M | $90.10M | $44.52M | $207.34M | $-28.80M | $60.49M | $40.47M | $2.18M | $-22.77M | $-8.96M | $18.29M | $56.06M | $-24.16M | $58.45M | $6.72M | $-81.49M | $-40.91M | $-14.97M | $28.36M |
| High Forecast | $20.05M | $52.81M | $89.00M | $110.03M | $24.61M | $58.36M | $92.42M | $204.65M | $118.02M | $58.76M | $40.43M | $16.14M | $90.10M | $53.42M | $207.34M | $-23.04M | $72.59M | $48.56M | $2.62M | $-18.21M | $-7.17M | $21.95M | $67.28M | $-19.33M | $70.14M | $8.07M | $-65.20M | $-32.73M | $-11.98M | $34.04M |
| Low Forecast | $20.05M | $52.81M | $89.00M | $110.03M | $24.61M | $58.36M | $92.42M | $8.07M | $118.02M | $39.17M | $40.43M | $16.14M | $90.10M | $35.61M | $207.34M | $-34.56M | $48.39M | $32.38M | $1.75M | $-27.32M | $-10.75M | $14.63M | $44.85M | $-28.99M | $46.76M | $5.38M | $-97.79M | $-49.10M | $-17.96M | $22.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.06% | 1.23% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.32% | 1.40% |
Cal-Maine Foods's average Quarter net income forecast for Mar 24 is $48.97M, with a range of $39.17M to $58.76M. CALM's average Quarter net income forecast represents a 187.89% increase compared to the company's last Quarter net income of $17.01M (Dec 23).
Cal-Maine Foods SG&A Forecast
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 6 | 5 | 12 | 19 | - | 1 | 1 | 9 | 9 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $56.93M | $52.25M | $62.16M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $42.30M | $45.01M |
| Avg Forecast | $51.86M | $56.32M | $60.14M | $60.82M | $56.13M | $60.37M | $66.53M | $71.45M | $73.01M | $65.29M | $58.80M | $53.67M | $68.60M | $59.35M | $89.29M | $74.33M | $28.40M | $53.96M | $88.97M | $58.76M | $102.30M | $64.34M | $202.36M | $54.75M | $44.28M | $21.62M | $37.74M | $37.98M | $32.71M | $31.55M |
| High Forecast | $51.86M | $56.32M | $60.14M | $60.82M | $56.13M | $60.37M | $66.53M | $86.72M | $73.01M | $78.34M | $58.88M | $53.67M | $68.60M | $71.22M | $89.29M | $89.19M | $34.08M | $64.75M | $106.76M | $70.51M | $122.76M | $77.20M | $242.84M | $65.70M | $53.13M | $25.95M | $38.85M | $45.57M | $39.25M | $37.86M |
| Low Forecast | $51.86M | $56.32M | $60.14M | $60.82M | $56.13M | $60.37M | $66.53M | $54.47M | $73.01M | $52.23M | $58.72M | $53.67M | $68.60M | $47.48M | $89.29M | $59.46M | $22.72M | $43.16M | $71.18M | $47.01M | $81.84M | $51.47M | $161.89M | $43.80M | $35.42M | $17.30M | $36.62M | $30.38M | $26.17M | $25.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.97% | 0.91% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | 1.43% |
Cal-Maine Foods's average Quarter SG&A projection for Mar 24 is $65.29M, based on 1 Wall Street analysts, with a range of $52.23M to $78.34M. The forecast indicates a 14.68% rise compared to CALM last annual SG&A of $56.93M (Dec 23).
Cal-Maine Foods EPS Forecast
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | - | - | - | 1 | 3 | 2 | 1 | 2 | 1 | 1 | 6 | 5 | 12 | 19 | - | 1 | 1 | 9 | 9 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.02 | $2.27 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.41 | $0.82 |
| Avg Forecast | $0.41 | $1.08 | $1.82 | $2.25 | $0.50 | $1.19 | $1.89 | $2.58 | $2.41 | $2.45 | $0.83 | $0.33 | $1.84 | $5.47 | $4.24 | $1.27 | $1.15 | $0.83 | $0.29 | $-0.62 | $0.18 | $0.07 | $-0.08 | $-0.53 | $1.20 | $0.19 | $0.03 | $-0.85 | $-0.34 | $0.50 |
| High Forecast | $0.41 | $1.08 | $1.82 | $2.25 | $0.50 | $1.19 | $1.89 | $4.18 | $2.41 | $2.45 | $0.83 | $0.33 | $1.84 | $5.47 | $4.24 | $1.27 | $1.15 | $0.86 | $0.31 | $-0.60 | $0.18 | $0.08 | $-0.07 | $-0.51 | $1.25 | $0.19 | $0.03 | $-0.81 | $-0.32 | $0.52 |
| Low Forecast | $0.41 | $1.08 | $1.82 | $2.25 | $0.50 | $1.19 | $1.89 | $0.17 | $2.41 | $2.45 | $0.83 | $0.33 | $1.84 | $5.47 | $4.24 | $1.27 | $1.15 | $0.80 | $0.28 | $-0.64 | $0.17 | $0.07 | $-0.08 | $-0.55 | $1.15 | $0.18 | $0.03 | $-0.88 | $-0.35 | $0.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.06% | 1.23% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.64% |
According to 1 Wall Street analysts, Cal-Maine Foods's projected average Quarter EPS for Mar 24 is $2.45, with a low estimate of $2.45 and a high estimate of $2.45. This represents a 600.95% increase compared to CALM previous annual EPS of $0.35 (Dec 23).
Cal-Maine Foods Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BG | Bunge | $97.38 | $128.43 | 31.89% | Buy |
| ADM | Archer-Daniels-Midland Company | $60.39 | $70.60 | 16.91% | Hold |
| DOLE | Dole | $16.16 | $16.67 | 3.16% | Buy |
| AGRO | Adecoagro | $11.57 | $11.50 | -0.61% | Buy |
| CALM | Cal-Maine Foods | $69.38 | $65.00 | -6.31% | Buy |
| TSN | Tyson Foods | $61.40 | $54.42 | -11.37% | Hold |
| LMNR | Limoneira Company | $25.96 | $21.00 | -19.11% | Buy |
CALM Forecast FAQ
Is Cal-Maine Foods a good buy?
Yes, according to 3 Wall Street analysts, Cal-Maine Foods (CALM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of CALM's total ratings.
What is CALM's price target?
Cal-Maine Foods (CALM) average price target is $65 with a range of $65 to $65, implying a -6.31% from its last price of $69.38. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cal-Maine Foods stock go up soon?
According to Wall Street analysts' prediction for CALM stock, the company can go down by -6.31% (from the last price of $69.38 to the average price target of $65), down by -6.31% based on the highest stock price target, and down by -6.31% based on the lowest stock price target.
Can Cal-Maine Foods stock reach $100?
CALM's average twelve months analyst stock price target of $65 does not support the claim that Cal-Maine Foods can reach $100 in the near future.
Did the CALM's actual financial results beat the analysts' financial forecasts?
In terms of the last quarterly report (Dec 2023), Cal-Maine Foods's revenue was $523.23M, missing the average analysts' forecast of $525.39M by -0.41%. The company's EBITDA was $74.22M, beating the average prediction of $68.79M by 7.89%. Cal-Maine Foods's net income was $17.01M, missing the average estimation of $40.43M by -57.93%. The company's SG&A was $56.93M, missing the average forecast of $58.8M by -3.18%. Lastly, the company's EPS was $0.35, missing the average prediction of $0.827 by -57.66%