SAFM has been the subject of a number of other research reports. Buckingham Research set a $115.00 price objective on Sanderson Farms and gave the company a hold rating in a research report on Tuesday, March 5th. ValuEngine downgraded Sanderson Farms from a strong-buy rating to a buy rating in a research report on Wednesday, January 2nd. BMO Capital Markets increased their price objective on Sanderson Farms from $95.00 to $115.00 and gave the company a market perform rating in a research report on Wednesday, February 27th. Jefferies Financial Group set a $77.00 target price on shares of Sanderson Farms and gave the company a sell rating in a research note on Tuesday, February 26th. Finally, Stephens assumed coverage on shares of Sanderson Farms in a research note on Monday, March 4th. They set an equal weight rating and a $130.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Sanderson Farms currently has a consensus rating of Hold and a consensus price target of $116.25.
Shares of NASDAQ:SAFM opened at $139.50 on Friday. Sanderson Farms has a one year low of $93.98 and a one year high of $141.37. The firm has a market cap of $3.09 billion, a PE ratio of 46.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.82 and a quick ratio of 1.48.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Tuesday, February 26th. The company reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($1.82) by $1.00. Sanderson Farms had a negative return on equity of 0.04% and a negative net margin of 0.24%. The company had revenue of $743.40 million during the quarter, compared to the consensus estimate of $705.25 million. During the same quarter in the prior year, the firm earned $2.24 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts expect that Sanderson Farms will post 2.6 EPS for the current year.
In other Sanderson Farms news, insider Lampkin Butts sold 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $127.82, for a total transaction of $1,278,200.00. Following the sale, the insider now directly owns 121,611 shares of the company’s stock, valued at approximately $15,544,318.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Bierbusse sold 677 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $113.94, for a total transaction of $77,137.38. Following the sale, the director now directly owns 12,675 shares in the company, valued at $1,444,189.50. The disclosure for this sale can be found here. 5.55% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in shares of Sanderson Farms by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,097 shares of the company’s stock worth $506,000 after acquiring an additional 248 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Sanderson Farms by 3.3% in the third quarter. Teachers Advisors LLC now owns 40,407 shares of the company’s stock worth $4,177,000 after acquiring an additional 1,272 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Sanderson Farms by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 38,856 shares of the company’s stock worth $3,858,000 after acquiring an additional 970 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Sanderson Farms by 22.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 752,400 shares of the company’s stock worth $74,705,000 after acquiring an additional 137,978 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Sanderson Farms in the fourth quarter worth $34,883,000. 99.52% of the stock is currently owned by institutional investors.
Sanderson Farms Company Profile
Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.
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