AdvancePierre Foods Holdings Inc (NASDAQ:APFH) updated its FY16 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.65-1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.71. The company issued revenue guidance of $1.545-1.575 billion, compared to the consensus revenue estimate of $1.58 billion.

A number of analysts have issued reports on the company. BMO Capital Markets assumed coverage on AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They issued an outperform rating and a $29.00 target price on the stock. Barclays PLC started coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued an equal weight rating and a $27.00 price target for the company. Deutsche Bank AG started coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued a buy rating and a $28.00 price target for the company. Wells Fargo & Co. started coverage on shares of AdvancePierre Foods Holdings in a research note on Monday, August 15th. They issued an outperform rating for the company. Finally, Credit Suisse Group AG started coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued an outperform rating and a $29.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $28.43.

AdvancePierre Foods Holdings Inc (NASDAQ:APFH) opened at 25.56 on Friday. The company’s 50 day moving average is $26.56 and its 200-day moving average is $25.63. The firm has a market cap of $1.97 billion and a P/E ratio of 16.10. AdvancePierre Foods Holdings Inc has a 52 week low of $2.42 and a 52 week high of $28.32.

AdvancePierre Foods Holdings (NASDAQ:APFH) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $393.65 million for the quarter, compared to the consensus estimate of $410.23 million. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities analysts expect that AdvancePierre Foods Holdings Inc will post $1.67 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Morgan Stanley bought a new position in AdvancePierre Foods Holdings during the third quarter worth $6,267,000. Northern Trust Corp bought a new position in AdvancePierre Foods Holdings during the third quarter worth $1,704,000. California State Teachers Retirement System bought a new position in AdvancePierre Foods Holdings during the third quarter worth $1,262,000. SG Americas Securities LLC bought a new position in AdvancePierre Foods Holdings during the third quarter worth $107,000. Finally, BlackRock Institutional Trust Company N.A. bought a new position in AdvancePierre Foods Holdings during the third quarter worth $7,468,000.

About AdvancePierre Foods Holdings

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

Receive News & Stock Ratings for AdvancePierre Foods Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvancePierre Foods Holdings Inc and related stocks with our FREE daily email newsletter.