Sanderson Farms, Inc. (NASDAQ:SAFM) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $124.13.

SAFM has been the subject of a number of research reports. TheStreet upgraded shares of Sanderson Farms from a “c+” rating to a “b” rating in a research report on Friday, June 7th. BidaskClub downgraded shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group set a $77.00 price objective on Sanderson Farms and gave the stock a “sell” rating in a research report on Tuesday, February 26th. Buckingham Research set a $115.00 price objective on Sanderson Farms and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Finally, ValuEngine upgraded Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 13th.

Shares of SAFM stock traded down $0.89 during midday trading on Monday, reaching $133.54. 393,594 shares of the company traded hands, compared to its average volume of 445,123. Sanderson Farms has a 1-year low of $93.98 and a 1-year high of $154.82. The company has a current ratio of 3.42, a quick ratio of 1.72 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 44.22 and a beta of 0.87.

Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.06. Sanderson Farms had a negative net margin of 0.28% and a negative return on equity of 0.13%. The company had revenue of $845.23 million during the quarter, compared to the consensus estimate of $846.70 million. During the same period last year, the firm earned $1.84 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Sanderson Farms will post 6.21 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of SAFM. Strs Ohio acquired a new position in shares of Sanderson Farms during the 4th quarter worth approximately $29,000. Arizona State Retirement System grew its stake in Sanderson Farms by 1.1% in the 4th quarter. Arizona State Retirement System now owns 14,425 shares of the company’s stock worth $1,432,000 after acquiring an additional 155 shares during the period. Deprince Race & Zollo Inc. grew its stake in Sanderson Farms by 96.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 141,651 shares of the company’s stock worth $14,065,000 after acquiring an additional 69,363 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in Sanderson Farms in the 4th quarter worth approximately $238,000. Finally, Crossmark Global Holdings Inc. grew its stake in Sanderson Farms by 37.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,799 shares of the company’s stock worth $278,000 after acquiring an additional 770 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

About Sanderson Farms

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.

See Also: What is a Lock-Up Period?

Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

Receive News & Ratings for Sanderson Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms and related companies with MarketBeat.com's FREE daily email newsletter.