Is Cal-Maine Foods (CALM) The Top Long-Term Stock to Buy?

We recently published Top 10 Non-AI Stocks Redditors are Buying Ahead of Potential Bubble Burst. Cal-Maine Foods Inc (NASDAQ:CALM) is one of the top non-AI stocks redditors are buying.

Fresh eggs producer Cal-Maine Foods Inc (NASDAQ:CALM) is one of the best long-term stocks to pile into, according to retail investors on Reddit. The company recently posted its latest quarterly results, which show about 17% year-over-year revenue growth and 34% profit gains. However, both merics missed Wall Street estimates. Cal-Maine Foods Inc (NASDAQ:CALM) bulls believe declining interest rates could help the stock in the future amid catalysts like high-end products and demand for cage-free and organic products.

Analysts believe the acquisition of Echo Lake Foods allowed Cal-Maine Foods to diversify beyond conventional eggs. The deal gave the company a prepared foods portfolio including pre-cooked omelets, egg patties, French toast, pancakes and waffles. The company is also positioned to benefit from a new trend where US states are moving toward mandatory cage-free systems.

Diamond Hill Small Cap Fund stated the following regarding Cal-Maine Foods, Inc. (NASDAQ:CALM) in its Q4 2024 investor letter:

“Other top Q4 contributors included Centrus Energy, Graham Corp and Cal-Maine Foods, Inc. (NASDAQ:CALM). Fresh egg producer Cal-Maine Foods has benefited from an avian flu outbreak, which has led to a significant supply disruption and driven egg prices to record highs, in turn raising Cal-Maine’s share price.”

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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Disclosure: None. This article is originally published at Insider Monkey.