The IBD SmartSelect Composite Rating for Cal-Maine Foods increased from 94 to 96 Wednesday.
The new score tells you the company is now outperforming 96% 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 breaking out from a 72.70 buy point in a flat base.
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One weak spot is the company's 60 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company reported 15,200% EPS growth. That means it's now posted four straight quarters of rising EPS growth. Revenue growth increased 71%, up from -7% in the prior report. That marks three consecutive reports with rising growth.
Cal-Maine Foods holds the No. 1 rank among its peers in the Food-Meat Products industry group. Pilgrim's Pride and Vital Farms are also among the group's highest-rated stocks.
