Cal-Maine Foods, Inc. (CALM)’s Long-Term Outlook Remains Intact Despite Short-Term Headwinds

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On January 8, Stephens analyst Pooran Sharma lowered the firm’s price target on Cal-Maine Foods, Inc. (NASDAQ:CALM) to $85 from $95 while maintaining an Equal Weight rating on the shares. The analyst noted that while the company’s second-quarter adjusted EPS exceeded both firm and consensus expectations, earnings declined meaningfully year over year as egg prices continued to normalize from the multi-year highs seen earlier in the year. Stephens added that although it is encouraged by improving long-term earnings durability, near- to intermediate-term performance may remain pressured by oversupply concerns and seasonal demand softness.

On January 7, 2026, Cal-Maine Foods, Inc. (NASDAQ:CALM) reported its second-quarter fiscal 2026 results and announced the acquisition of Clean Egg LLC’s production assets in Texas, expanding its specialty cage-free and free-range capacity. The transaction added approximately 677,000 brown cage-free and free-range layers and pullets, supporting local sourcing initiatives and long-term specialty growth. During the quarter, specialty egg sales were largely stable, declining 0.4% year over year but increasing 4.7% year to date, highlighting relative resilience within the company’s higher-value product mix.

Cal-Maine Foods, Inc. (NASDAQ:CALM) is the largest producer and distributor of fresh shell eggs in the United States. Founded in 1957, the company is headquartered in Ridgeland, Mississippi, and operates a vertically integrated production and distribution network serving retail and foodservice customers nationwide.

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