CALM

Cal-Maine Foods, Inc.

Industrial/Transportation, Consumer


Presented:12/01/2023
Price:$49.26
Cap:$2.41B
Current Price:$92.22
Cap:$4.52B

Presented

Date12/01/2023
Price$49.26
Market Cap$2.41B
Ent Value$1.72B
P/E Ratio3.8x
Book Value$32.94
Div Yield8.75%
Shares O/S48.98M
Ave Daily Vol852,971
Short Int17.79%

Current

Price$92.22
Market Cap$4.52B
Cal-Maine Foods, Inc. engages in the production, grading, packing, marketing, and distribution of shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers. The company was founded by Fred R. Adams Jr. in 1957 and is headquartered in Jackson, MS.

Publicly traded companies mentioned herein: Cal-Maine Foods Inc (CALM)

Highlights

The presenter is long shares of Cal-Maine Foods Inc (CALM), believing the company is entering an up cycle caused by the spread of HPAI (i.e., bird flu), which kills flocks and creates cyclical pricing based on supply. This outbreak coincides with other positive factors (seasonal demand, trade down from higher-priced proteins, etc.), creating his bullish outlook of $13+ in CY2024 EPS compared to the Street’s $2 estimate and an attractive risk/reward setup from $49 per share to $72 on the upside and $43 on the downside.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.