10 Best Agriculture Stocks to Buy According to Hedge Funds

7. Cal-Maine Foods, Inc. (NASDAQ:CALM)

Number of Hedge Fund Holders: 34

Cal-Maine Foods, Inc. (NASDAQ:CALM) produces, packages, grades, markets, and distributes shell eggs. To support its operations, it operates processing plants, farms, feed mills, warehouses, hatcheries, and other properties. The company markets its products to regional grocery store chains, food service distributors, club stores, and egg product manufacturers.

On May 5, BMO Capital initiated coverage of Cal-Maine Foods, Inc. (NASDAQ:CALM) with a Market Perform rating. The analyst’s $100 price target implied an upside of 8% from its share price. The firm expects a normalization in earnings after the company’s record fiscal Q3 due to lower commodity egg prices. The analyst told investors in a research note that while this situation creates a “tough setup” for investment in the shares at these levels, BMO forecasts “higher-for-longer” earnings through fiscal 2026.

The company reported positive fiscal Q3 2025 results, with quarterly net sales reaching $1.4 billion and net income of $508.5 million. Strong consumer demand during the quarter resulted in a record number of total dozens sold. Cal-Maine Foods, Inc. (NASDAQ:CALM) also underwent a 24% increase in total chicks hatched during fiscal Q3 2025 compared to the same quarter last year.

It expects ongoing expansion projects worth around $60 million to be completed in 2025, adding approximately 1.1 million cage-free layer hens and 250,000 pullets to the company’s operations.