Goldman Sachs initiates coverage on Cal-Maine Foods with Neutral rating, $110 PT.

Goldman Sachs initiates coverage on Cal-Maine Foods with Neutral rating, $110 PT.

Goldman Sachs has initiated coverage on Cal-Maine Foods, Inc. (NASDAQ: CALM) with a Neutral rating and a price target of $110, according to a recent update by TheFly [1]. The stock price of CALM is currently at $109.65, marking a 1.69% increase during the trading day. The stock has been fluctuating between $106.88 and $110.10, with a year's trading range between $68.22 and $126.40.

The update comes with significant changes in the company's leadership. Melanie Boulden has been appointed as an independent director on the Cal-Maine Foods Board of Directors, effective August 11, 2025. Boulden will serve on the Compensation, Audit, and Nominating and Corporate Governance Committees, emphasizing the company's commitment to strong governance practices [1]. Additionally, Keira Lombardo has been introduced as the company's first Chief Strategy Officer, tasked with driving strategic initiatives and enhancing stakeholder engagement through operational excellence and innovation [1].

These appointments highlight Cal-Maine Foods' focus on governance and strategic growth. The company, a leading producer and distributor of fresh shell eggs in the United States, operates in a competitive market with key players such as Rose Acre Farms and Hillandale Farms [1].

The stock has a market capitalization of approximately $5.32 billion, with a trading volume of 814,797 shares on the NASDAQ exchange today [1].

References:
[1] https://site.financialmodelingprep.com/market-news/cal-maine-foods-inc-calm-neutral-rating-strategic-leadership-additions