On Friday, Cal-Maine Foods got an upgrade for its IBD SmartSelect Composite Rating from 94 to 99.
The new score means the company is now outperforming 99% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Cal-Maine Foods is currently extended beyond a proper buy zone after clearing the 72.70 entry in a flat base.
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The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 1,177% earnings-per-share growth. Revenue growth increased 82%, up from 71% in the prior report. That marks four quarters of rising growth.
Cal-Maine Foods holds the No. 1 rank among its peers in the Food-Meat Products industry group. Vital Farms and Pilgrim's Pride are also among the group's highest-rated stocks.
