Benchmark analyst Ben Klieve reiterated a Buy rating and $100.00 price target on Cal-Maine Foods (NASDAQ: CALM).

The analyst commented, "The egg cycle continues to provide YoY headwinds off of record prior year levels, but Q3’26 results demonstrate a degree of earnings power that we believe increasingly insulates Cal-Maine’s earnings in normalized pricing conditions and drove shares up 5%+ yesterday. We reiterate our Buy rating and $100 PT, and expect in coming quarters the favorable mix shift towards higher and more stable margin revenue sources will continue, and will drive earnings durability, multiple expansion and upside from the current valuation."

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Shares of Cal-Maine Foods closed at $83.36 yesterday.