Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) have received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $136.75.

A number of equities research analysts have recently weighed in on SAFM shares. BMO Capital Markets reissued a “hold” rating and set a $150.00 target price on shares of Sanderson Farms in a report on Friday, October 13th. Morgan Stanley began coverage on Sanderson Farms in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price target for the company. Mizuho set a $150.00 price target on Sanderson Farms and gave the company a “hold” rating in a research note on Monday, October 16th. JPMorgan Chase & Co. downgraded Sanderson Farms from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $129.00 to $134.00 in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded Sanderson Farms from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st.

In related news, Director Jones Gail Pittman sold 260 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $140.92, for a total value of $36,639.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.66% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SAFM. Schroder Investment Management Group grew its position in Sanderson Farms by 1,543.8% in the third quarter. Schroder Investment Management Group now owns 381,504 shares of the company’s stock valued at $60,705,000 after acquiring an additional 358,296 shares during the last quarter. Koch Industries Inc. bought a new position in Sanderson Farms in the second quarter valued at about $309,000. Origin Asset Management LLP bought a new position in Sanderson Farms in the second quarter valued at about $32,665,000. Alliancebernstein L.P. grew its position in Sanderson Farms by 603.4% in the second quarter. Alliancebernstein L.P. now owns 270,004 shares of the company’s stock valued at $31,226,000 after acquiring an additional 231,621 shares during the last quarter. Finally, APG Asset Management N.V. bought a new position in Sanderson Farms in the third quarter valued at about $28,428,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Shares of Sanderson Farms (NASDAQ SAFM) opened at $133.75 on Monday. Sanderson Farms has a twelve month low of $87.54 and a twelve month high of $176.43. The firm has a market capitalization of $3,052.84, a price-to-earnings ratio of 10.92 and a beta of 0.61.

Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The firm had revenue of $919.90 million for the quarter, compared to analyst estimates of $916.07 million. During the same period in the prior year, the business posted $3.36 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. equities research analysts anticipate that Sanderson Farms will post 9.97 earnings per share for the current fiscal year.

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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 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.

Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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