AdvancePierre Foods Holdings Inc (NASDAQ:APFH) announced its quarterly earnings results on Wednesday. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. The company earned $393.65 million during the quarter, compared to the consensus estimate of $410.23 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. AdvancePierre Foods Holdings updated its FY16 guidance to $1.65-1.75 EPS.

Shares of AdvancePierre Foods Holdings (NASDAQ:APFH) opened at 25.56 on Friday. The stock has a 50 day moving average price of $26.56 and a 200 day moving average price of $25.63. The stock has a market capitalization of $1.97 billion and a P/E ratio of 16.10. AdvancePierre Foods Holdings has a one year low of $2.42 and a one year high of $28.32.

APFH has been the subject of a number of research reports. Zacks Investment Research raised AdvancePierre Foods Holdings from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, October 18th. Barclays PLC reaffirmed an “equal weight” rating and issued a $27.00 price objective on shares of AdvancePierre Foods Holdings in a research note on Tuesday, October 11th. Morgan Stanley initiated coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued an “overweight” rating and a $28.00 price objective for the company. Goldman Sachs Group Inc. initiated coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, Credit Suisse Group AG initiated coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued an “outperform” rating and a $29.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AdvancePierre Foods Holdings presently has a consensus rating of “Buy” and an average price target of $28.43.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors bought a new position in AdvancePierre Foods Holdings during the third quarter worth approximately $15,060,000. BlackRock Investment Management LLC bought a new position in AdvancePierre Foods Holdings during the third quarter worth approximately $2,812,000. BlackRock Advisors LLC bought a new position in AdvancePierre Foods Holdings during the third quarter worth approximately $15,666,000. DIAM Co. Ltd. bought a new position in AdvancePierre Foods Holdings during the third quarter worth approximately $1,194,000. Finally, JPMorgan Chase & Co. bought a new position in AdvancePierre Foods Holdings during the third quarter worth approximately $22,376,000.

AdvancePierre Foods Holdings Company Profile

AdvancePierre Foods Holdings, Inc, formerly Pierre Foods Holding Corporation, is a producer and distributor of sandwiches, sandwich components, and other entrees and snacks. The Company operates through segments, including Foodservice, which sells its products to national and regional distributors; Retail, which supplies its products to national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores; Convenience, which sells its products to national and regional convenience chains and vending providers, and Industrial, which includes sales to other food producers under short-term co-manufacturing agreements.

5 Day Chart for NASDAQ:APFH

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