A number of firms have modified their ratings and price targets on shares of Sanderson Farms (NASDAQ: SAFM) recently:

  • 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.
  • 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. “

Shares of Sanderson Farms, Inc. (NASDAQ SAFM) opened at 147.52 on Friday. The firm’s 50-day moving average is $133.28 and its 200 day moving average is $115.58. The stock has a market cap of $3.36 billion, a P/E ratio of 11.84 and a beta of 0.62. Sanderson Farms, Inc. has a 52-week low of $74.07 and a 52-week high of $148.69.

Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Thursday, August 24th. The company reported $5.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $1.62. The firm had revenue of $931.90 million for the quarter, compared to analysts’ expectations of $921.40 million. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.42 earnings per share. Analysts forecast that Sanderson Farms, Inc. will post $12.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.96 annualized dividend and a yield of 0.65%. Sanderson Farms’s dividend payout ratio (DPR) is 7.74%.

In related news, Director Fred L. Banks, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $144.11, for a total value of $432,330.00. Following the sale, the director now owns 24,948 shares of the company’s stock, valued at $3,595,256.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Bierbusse sold 625 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $138.03, for a total transaction of $86,268.75. Following the completion of the sale, the director now directly owns 14,776 shares in the company, valued at approximately $2,039,531.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,400 shares of company stock worth $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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