We recently published Top 10 Non-AI Stocks Redditors are Buying Ahead of Potential Bubble Burst. Cal-Maine Foods Inc is one of the top non-AI stocks redditors are buying.
Fresh eggs producer Cal-Maine Foods Inc 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 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. 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.”
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This article is originally published at Insider Monkey.
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