Sanderson Farms Inc. (NASDAQ:SAFM) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $81.71.

SAFM has been the topic of several recent research reports. Zacks Investment Research upgraded Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $102.00 price objective on the stock in a research report on Thursday, August 11th. JPMorgan Chase & Co. downgraded Sanderson Farms from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $96.00 to $95.00 in a research report on Friday, May 27th. They noted that the move was a valuation call.

Shares of Sanderson Farms (NASDAQ:SAFM) traded up 0.40% during trading on Tuesday, hitting $95.11. The stock had a trading volume of 159,359 shares. Sanderson Farms has a 12-month low of $64.54 and a 12-month high of $99.40. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 15.25 and a beta of 0.05. The stock has a 50-day moving average of $93.01 and a 200 day moving average of $89.45.

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Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings data on Thursday, August 25th. The company reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.31. Sanderson Farms had a return on equity of 13.06% and a net margin of 5.19%. The business had revenue of $728 million for the quarter, compared to the consensus estimate of $749.76 million. During the same period in the prior year, the business earned $2.27 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, analysts predict that Sanderson Farms will post $7.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 5th. This represents a $0.88 annualized dividend and a yield of 0.93%. Sanderson Farms’s dividend payout ratio (DPR) is presently 14.15%.

In related news, Director John Bierbusse sold 750 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $97.00, for a total transaction of $72,750.00. Following the transaction, the director now directly owns 14,296 shares in the company, valued at $1,386,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.45% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Huntington Asset Advisors Inc. purchased a new position in Sanderson Farms during the first quarter worth approximately $902,000. Landscape Capital Management L.L.C. increased its position in Sanderson Farms by 55.8% in the first quarter. Landscape Capital Management L.L.C. now owns 13,400 shares of the company’s stock worth $1,208,000 after buying an additional 4,800 shares during the period. Bessemer Group Inc. increased its position in Sanderson Farms by 63.0% in the first quarter. Bessemer Group Inc. now owns 170,114 shares of the company’s stock worth $15,341,000 after buying an additional 65,746 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Sanderson Farms during the first quarter worth approximately $424,000. Finally, JPMorgan Chase & Co. increased its position in Sanderson Farms by 60.7% in the first quarter. JPMorgan Chase & Co. now owns 154,269 shares of the company’s stock worth $13,912,000 after buying an additional 58,290 shares during the period. Institutional investors own 95.00% of the company’s stock.

Sanderson Farms Company Profile

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and the preparation, processing, marketing and distribution of processed and prepared chicken items. The Company sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms brand name to retailers, distributors and casual dining operators principally in the southeastern, southwestern, northeastern and western United States, and to customers reselling frozen chicken into export markets.

5 Day Chart for NASDAQ:SAFM

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