Sanderson Farms Inc. (SAFM) Given Consensus Rating of “Hold” by Analysts
Sanderson Farms Inc. (NASDAQ:SAFM) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $85.86.
SAFM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $102.00 target price for the company in a report on Thursday, August 11th. DA Davidson initiated coverage on Sanderson Farms in a report on Wednesday, October 5th. They set a “neutral” rating and a $103.00 target price for the company.
Large investors have recently bought and sold shares of the stock. Seven Eight Capital LLC bought a new stake in Sanderson Farms during the second quarter worth about $115,000. Acrospire Investment Management LLC raised its stake in Sanderson Farms by 366.7% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $121,000 after buying an additional 1,100 shares in the last quarter. Kempen Capital Management N.V. raised its stake in Sanderson Farms by 70.3% in the third quarter. Kempen Capital Management N.V. now owns 1,638 shares of the company’s stock worth $158,000 after buying an additional 676 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Sanderson Farms by 5.1% in the second quarter. Meeder Asset Management Inc. now owns 1,942 shares of the company’s stock worth $169,000 after buying an additional 95 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Sanderson Farms by 1,497.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,981 shares of the company’s stock worth $172,000 after buying an additional 1,857 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors.
Shares of Sanderson Farms (NASDAQ:SAFM) traded up 1.44% during midday trading on Tuesday, hitting $81.70. The stock had a trading volume of 308,107 shares. The firm has a 50 day moving average price of $87.40 and a 200 day moving average price of $89.08. Sanderson Farms has a one year low of $70.13 and a one year high of $99.40. The stock has a market cap of $1.84 billion, a PE ratio of 13.10 and a beta of 0.38.
Sanderson Farms Company Profile
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and the preparation, processing, marketing and distribution of processed and prepared chicken items. The Company sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms brand name to retailers, distributors and casual dining operators principally in the southeastern, southwestern, northeastern and western United States, and to customers reselling frozen chicken into export markets.
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