Cal-Maine Foods, Inc.
boothcheck covers Cal-Maine Foods, Inc. (CALM) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• About 81% of revenue comes from shell eggs split across two very different markets, a conventional line priced off daily commodity quotes and a specialty line negotiated directly with grocers, and the annual report is explicit that ⟦"specialty shell egg prices typically do not fluctuate as much as conventional shell egg prices"⟧. • The down-cycle arrived hard in the year just closed: ⟦"Net cash provided by operating activities was $479.8 million for fiscal 2026, compared to $1.2 billion for fi
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447 institutional managers reported holding CALM in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 53%. 72 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 5.2M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CALM has cut its share count 3.2% over the past five years, spending $100.11M on repurchases. It pays a dividend, and has for 4 years running; the current rate is $8.32 a share annually. Cash returned over the past three years: $636.94M in dividends and $100.11M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CALM over the trailing three years: 2025: 5 buys totaling $259k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CALM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-26 | +0.5% | +6.4% |
| 2023-10-04 | -7.3% | +13.4% |
| 2024-01-04 | -0.6% | +2.2% |
| 2024-04-03 | +4.3% | -4.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CALM's latest 8-K filings: 2026-07-22 (items 2.02, 9.01); 2026-06-30 (items 8.01, 9.01); 2026-06-23 (items 5.02, 7.01, 9.01); 2026-04-01 (items 5.02, 7.01, 9.01); 2026-04-01 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.