Barclays set a $145.00 price target on Sanderson Farms (NASDAQ:SAFM) in a report issued on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also recently weighed in on SAFM. BidaskClub cut Sanderson Farms from a strong-buy rating to a buy rating in a report on Thursday, May 30th. ValuEngine raised Sanderson Farms from a buy rating to a strong-buy rating in a report on Saturday, April 13th. BMO Capital Markets boosted their target price on Sanderson Farms from $95.00 to $115.00 and gave the stock a market perform rating in a report on Wednesday, February 27th. Cleveland Research raised Sanderson Farms from a neutral rating to a buy rating in a report on Wednesday, May 22nd. Finally, Buckingham Research set a $115.00 target price on Sanderson Farms and gave the stock a hold rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $124.13.

SAFM opened at $137.08 on Friday. The company has a market cap of $3.03 billion, a PE ratio of 45.39 and a beta of 0.87. The company has a current ratio of 3.42, a quick ratio of 1.72 and a debt-to-equity ratio of 0.07. Sanderson Farms has a twelve month low of $93.98 and a twelve month high of $154.82.

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.06. The company had revenue of $845.23 million for the quarter, compared to analysts’ expectations of $846.70 million. Sanderson Farms had a negative return on equity of 0.13% and a negative net margin of 0.28%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. As a group, analysts anticipate that Sanderson Farms will post 4.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, May 6th. This represents a $1.28 annualized dividend and a yield of 0.93%. Sanderson Farms’s payout ratio is 42.38%.

In related news, insider Lampkin Butts sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $127.82, for a total transaction of $1,278,200.00. Following the sale, the insider now owns 121,611 shares of the company’s stock, valued at $15,544,318.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.55% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SAFM. Quadrant Capital Group LLC bought a new position in shares of Sanderson Farms in the first quarter valued at $26,000. Quantamental Technologies LLC bought a new position in shares of Sanderson Farms in the first quarter valued at $30,000. Strs Ohio bought a new position in shares of Sanderson Farms in the fourth quarter valued at $29,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Sanderson Farms by 2,890.9% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 329 shares of the company’s stock valued at $33,000 after buying an additional 318 shares in the last quarter. Finally, Ferris Capital LLC bought a new position in shares of Sanderson Farms in the first quarter valued at $99,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Sanderson Farms Company Profile

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.

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Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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