A number of other equities research analysts have also recently weighed in on SAFM. TheStreet cut shares of Zimmer Biomet from a “b-” rating to a “c” rating in a report on Friday, June 7th. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. JPMorgan Chase & Co. set a €47.00 ($54.65) target price on shares of BNP Paribas and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Buckingham Research set a $81.00 target price on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research note on Thursday, April 11th. Finally, Goldman Sachs Group set a $44.00 target price on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Sanderson Farms presently has an average rating of “Hold” and an average price target of $124.13.
Shares of SAFM opened at $135.26 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.72 and a current ratio of 3.42. Sanderson Farms has a fifty-two week low of $93.98 and a fifty-two week high of $154.82. The business has a 50-day simple moving average of $139.67.
Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.06. The business had revenue of $845.23 million for the quarter, compared to analysts’ expectations of $846.70 million. Sanderson Farms had a negative net margin of 0.28% and a negative return on equity of 0.13%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, equities analysts predict that Sanderson Farms will post 6.22 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. boosted its stake in Sanderson Farms by 96.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 141,651 shares of the company’s stock valued at $14,065,000 after purchasing an additional 69,363 shares during the period. LPL Financial LLC boosted its stake in Sanderson Farms by 43.2% during the 4th quarter. LPL Financial LLC now owns 6,480 shares of the company’s stock valued at $643,000 after purchasing an additional 1,956 shares during the period. BlackRock Inc. boosted its stake in Sanderson Farms by 1.1% during the 4th quarter. BlackRock Inc. now owns 2,314,543 shares of the company’s stock valued at $229,810,000 after purchasing an additional 26,282 shares during the period. Stephens Inc. AR bought a new stake in Sanderson Farms during the 4th quarter valued at approximately $284,000. Finally, Texas Permanent School Fund boosted its stake in Sanderson Farms by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 13,152 shares of the company’s stock valued at $1,306,000 after purchasing an additional 507 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.
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