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

  • 10/11/2017 – 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. “
  • 10/6/2017 – Sanderson Farms was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating. They now have a $134.00 price target on the stock, up previously from $129.00.
  • 10/2/2017 – Sanderson Farms was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $160.00 price target on the stock, up previously from $151.00.
  • 9/25/2017 – Sanderson Farms had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $170.00 price target on the stock, up previously from $145.00.
  • 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.

Sanderson Farms, Inc. (NASDAQ SAFM) opened at 149.69 on Thursday. Sanderson Farms, Inc. has a 52 week low of $74.07 and a 52 week high of $166.65. The stock’s 50 day moving average is $153.94 and its 200 day moving average is $128.30. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 12.02 and a beta of 0.58.

Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Thursday, August 24th. The company reported $5.09 EPS for the quarter, topping the consensus estimate of $3.47 by $1.62. Sanderson Farms had a return on equity of 22.21% and a net margin of 8.77%. The business had revenue of $931.90 million during the quarter, compared to the consensus estimate of $921.40 million. During the same quarter last year, the company earned $2.42 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. Equities research analysts expect that Sanderson Farms, Inc. will post $12.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd will be paid a $0.32 dividend. The ex-dividend date is Monday, October 2nd. This represents a $1.28 annualized dividend and a yield of 0.86%. This is an increase from Sanderson Farms’s previous quarterly dividend of $0.24. Sanderson Farms’s dividend payout ratio (DPR) is currently 10.31%.

In other Sanderson Farms news, Director John Bierbusse sold 625 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $138.03, for a total value of $86,268.75. Following the completion of the transaction, the director now owns 14,776 shares in the company, valued at approximately $2,039,531.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Khayat sold 1,775 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $142.31, for a total value of $252,600.25. Following the completion of the transaction, the director now owns 12,043 shares of the company’s stock, valued at approximately $1,713,839.33. The disclosure for this sale can be found here. In the last 90 days, insiders 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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