AdvancePierre Foods Holdings Inc (NASDAQ:APFH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “AdvancePierre Foods Holdings, Inc. is a producer and distributor of sandwiches, sandwich components, other entrees and snacks. The company serves foodservice, retail and convenience store. Its product consists of breakfast sandwiches, peanut butter and jelly sandwiches, hamburgers, fully cooked hamburger, chicken patties, Philly steaks, country-fried steak, stuffed entrées, chicken tenders and cinnamon dough bites. AdvancePierre Foods Holdings, Inc. is headquartered in Cincinnati, Ohio. “

A number of other research analysts have also issued reports on APFH. Credit Suisse Group AG initiated coverage on AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set an “outperform” rating and a $29.00 price target for the company. Goldman Sachs Group Inc. initiated coverage on AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set a “neutral” rating and a $27.00 price target for the company. Morgan Stanley initiated coverage on AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set an “overweight” rating and a $28.00 price target for the company. BMO Capital Markets initiated coverage on AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set an “outperform” rating and a $29.00 price target for the company. Finally, Deutsche Bank AG initiated coverage on AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set a “buy” rating and a $28.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $28.43.

Analyst Recommendations for AdvancePierre Foods Holdings (NASDAQ:APFH)

Shares of AdvancePierre Foods Holdings (NASDAQ:APFH) opened at 26.22 on Wednesday. The firm has a market cap of $2.03 billion and a price-to-earnings ratio of 15.81. AdvancePierre Foods Holdings has a 1-year low of $22.99 and a 1-year high of $28.32. The company’s 50 day moving average price is $27.05 and its 200-day moving average price is $25.93.

AdvancePierre Foods Holdings (NASDAQ:APFH) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. The business 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 business earned $0.33 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts expect that AdvancePierre Foods Holdings will post $1.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Monday, November 21st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 17th.

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of AdvancePierre Foods Holdings during the third quarter worth about $107,000. Strs Ohio bought a new stake in shares of AdvancePierre Foods Holdings during the third quarter worth about $187,000. Tower Research Capital LLC TRC bought a new stake in shares of AdvancePierre Foods Holdings during the third quarter worth about $372,000. DekaBank Deutsche Girozentrale bought a new stake in shares of AdvancePierre Foods Holdings during the third quarter worth about $545,000. Finally, Teachers Advisors LLC bought a new stake in shares of AdvancePierre Foods Holdings during the third quarter worth about $655,000.

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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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