Analysts Set Sanderson Farms, Inc. (NASDAQ:SAFM) Target Price at $203.00

Sanderson Farms, Inc. (NASDAQ:SAFMGet Rating) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $203.00.

A number of equities analysts recently commented on SAFM shares. StockNews.com started coverage on shares of Sanderson Farms in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Consumer Edge cut shares of Sanderson Farms from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 16th.

Institutional investors and hedge funds have recently made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its stake in Sanderson Farms by 159.3% during the first quarter. TCI Wealth Advisors Inc. now owns 140 shares of the company’s stock worth $26,000 after acquiring an additional 86 shares in the last quarter. Signaturefd LLC boosted its stake in Sanderson Farms by 95.6% during the fourth quarter. Signaturefd LLC now owns 176 shares of the company’s stock worth $34,000 after acquiring an additional 86 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in Sanderson Farms during the fourth quarter worth about $36,000. National Bank of Canada FI boosted its stake in Sanderson Farms by 78.0% during the first quarter. National Bank of Canada FI now owns 210 shares of the company’s stock worth $39,000 after acquiring an additional 92 shares in the last quarter. Finally, Aquire Wealth Advisors LLC bought a new stake in Sanderson Farms during the fourth quarter worth about $82,000. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SAFM opened at $215.60 on Tuesday. The stock has a market cap of $4.81 billion, a PE ratio of 5.58 and a beta of 0.65. The company’s fifty day moving average is $195.40 and its 200 day moving average is $188.49. Sanderson Farms has a 52 week low of $175.82 and a 52 week high of $215.92.

Sanderson Farms (NASDAQ:SAFMGet Rating) last issued its earnings results on Friday, May 27th. The company reported $14.39 EPS for the quarter, topping analysts’ consensus estimates of $7.42 by $6.97. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Sanderson Farms had a net margin of 15.34% and a return on equity of 43.58%. The firm’s revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.34 EPS. On average, equities research analysts predict that Sanderson Farms will post 48.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 3rd were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Monday, May 2nd. Sanderson Farms’s payout ratio is 4.55%.

Sanderson Farms Company Profile (Get Rating)

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.

Recommended Stories

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.