Several brokerages have updated their recommendations and price targets on shares of Sanderson Farms (NASDAQ: SAFM) in the last few weeks:

  • 9/1/2017 – Sanderson Farms was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/25/2017 – Sanderson Farms had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $150.00 price target on the stock, up previously from $130.00.
  • 8/25/2017 – Sanderson Farms was given a new $136.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 8/24/2017 – Sanderson Farms had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $129.00 price target on the stock, up previously from $112.00.
  • 8/17/2017 – Sanderson Farms was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $145.00 price target on the stock.
  • 8/11/2017 – Sanderson Farms was downgraded by analysts at Zacks Investment Research from a “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. “
  • 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.

Sanderson Farms, Inc. (NASDAQ:SAFM) traded up 1.72% during trading on Thursday, hitting $156.31. The stock had a trading volume of 181,946 shares. Sanderson Farms, Inc. has a 1-year low of $74.07 and a 1-year high of $156.66. The firm has a 50 day moving average price of $140.10 and a 200-day moving average price of $118.76. The firm has a market capitalization of $3.56 billion, a PE ratio of 12.55 and a beta of 0.56.

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings results on Thursday, August 24th. The company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $1.62. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm had revenue of $931.90 million during the quarter, compared to analysts’ expectations of $921.40 million. During the same period in the previous year, the company earned $2.42 EPS. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities research analysts expect that Sanderson Farms, Inc. will post $12.80 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a dividend of $0.24 per share. The ex-dividend date was Friday, July 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.62%. Sanderson Farms’s dividend payout ratio is presently 7.74%.

In related news, Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $144.11, for a total transaction of $432,330.00. Following the completion of the transaction, the director now directly owns 24,948 shares of the company’s stock, valued at approximately $3,595,256.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert C. Khayat sold 1,775 shares of Sanderson Farms stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $142.31, for a total transaction of $252,600.25. Following the transaction, the director now directly owns 12,043 shares of the company’s stock, valued at $1,713,839.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,400 shares of company stock valued at $771,199. 5.66% of the stock is owned by corporate insiders.

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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