A number of research firms have changed their ratings and price targets for Sanderson Farms (NASDAQ: SAFM):

  • 8/1/2017 – Sanderson Farms was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/27/2017 – Sanderson Farms was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $138.00 price target on the stock. According to Zacks, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States. “
  • 7/26/2017 – Sanderson Farms was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States. “
  • 7/25/2017 – Sanderson Farms was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/5/2017 – Sanderson Farms was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $133.00 price target on the stock. According to Zacks, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States. “
  • 6/29/2017 – Sanderson Farms was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/27/2017 – Sanderson Farms had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $130.00 price target on the stock.
  • 6/9/2017 – Sanderson Farms had its “sell” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $85.00 price target on the stock.

Shares of Sanderson Farms, Inc. (NASDAQ SAFM) traded up 0.74% during mid-day trading on Monday, hitting $135.52. 153,208 shares of the stock traded hands. The firm has a 50 day moving average of $121.29 and a 200 day moving average of $108.28. Sanderson Farms, Inc. has a 12 month low of $74.07 and a 12 month high of $135.78. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 13.91 and a beta of 0.62.

Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, May 25th. The company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.22. Sanderson Farms had a net margin of 7.34% and a return on equity of 18.30%. The firm had revenue of $802 million during the quarter, compared to analysts’ expectations of $769.47 million. During the same period in the previous year, the business posted $2.11 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts expect that Sanderson Farms, Inc. will post $10.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, July 28th. Sanderson Farms’s dividend payout ratio is currently 9.86%.

In related news, Director Phil K. Livingston sold 500 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $121.50, for a total value of $60,750.00. Following the completion of the transaction, the director now directly owns 9,673 shares in the company, valued at approximately $1,175,269.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dianne Mooney sold 1,103 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $117.69, for a total transaction of $129,812.07. Following the completion of the transaction, the director now owns 13,072 shares of the company’s stock, valued at $1,538,443.68. The disclosure for this sale can be found here. Insiders own 5.66% of the company’s stock.

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 also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

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