Cal-Maine Foods, Inc. (CALM) Acquires Echo Lake Foods for $258M

We recently compiled a list of 11 Best Undervalued Stocks to Invest in Now. Cal-Maine Foods, Inc. stands sixth on our list among the most undervalued stocks.

Cal-Maine Foods, Inc. (NASDAQ:CALM), the largest U.S. producer and distributor of fresh shell eggs, offers a wide range of products, including conventional, cage-free, organic, and specialty eggs. Headquartered in Ridgeland, Mississippi, the company distributes its products nationwide and is now expanding beyond shell eggs to meet changing consumer preferences.

A key development is Cal-Maine Foods, Inc. (NASDAQ:CALM)’s recent $258 million acquisition of Echo Lake Foods, a producer of ready-to-eat egg-based breakfast items. This strategic move enables the business to diversify into value-added products like hard-cooked and shelf-stable eggs, strengthening its presence in the food service and retail sectors. With Echo Lake generating $240 million in annual sales and achieving 10% compound annual growth, the acquisition aligns with growing demand for protein-rich, convenient breakfast options.

Cal-Maine Foods, Inc. (CALM) Acquires Echo Lake Foods for $258M

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In addition to product diversification, Cal-Maine Foods, Inc. (NASDAQ:CALM) is advancing sustainability efforts by working to inventory and reduce greenhouse gas emissions. The corporation has also formed a dedicated biosecurity team to manage bird flu risks, reinforcing its commitment to food safety and supply chain resilience.

While we acknowledge the risk and potential of CALM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CALM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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