News stories about Sanderson Farms (NASDAQ:SAFM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sanderson Farms earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.5623139317587 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Sanderson Farms (SAFM) opened at 151.55 on Monday. The company’s 50-day moving average price is $134.21 and its 200-day moving average price is $116.00. Sanderson Farms has a 12-month low of $74.07 and a 12-month high of $151.64. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.17 and a beta of 0.55.

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings data on Thursday, August 24th. The company reported $5.09 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $1.62. The business had revenue of $931.90 million during the quarter, compared to the consensus estimate of $921.40 million. Sanderson Farms had a return on equity of 22.21% and a net margin of 8.77%. The firm’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.42 earnings per share. Equities analysts expect that Sanderson Farms will post $12.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a $0.24 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.63%. Sanderson Farms’s dividend payout ratio is presently 7.74%.

Several brokerages have weighed in on SAFM. Mizuho began coverage on Sanderson Farms in a research report on Wednesday, June 7th. They issued a “buy” rating and a $142.00 target price on the stock. Zacks Investment Research lowered Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub lowered Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $129.00 target price (up from $112.00) on shares of Sanderson Farms in a research report on Thursday, August 24th. Finally, Barclays PLC set a $136.00 target price on Sanderson Farms and gave the stock a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $125.45.

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In other Sanderson Farms news, Director Robert C. Khayat sold 1,775 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $142.31, for a total value of $252,600.25. Following the completion of the transaction, the director now directly owns 12,043 shares of the company’s stock, valued at $1,713,839.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Fred L. Banks, Jr. sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $144.11, for a total value of $432,330.00. Following the completion of the transaction, the director now directly owns 24,948 shares of the company’s stock, valued at $3,595,256.28. The disclosure for this sale can be found here. Insiders sold 5,400 shares of company stock valued at $771,199 in the last quarter. 5.66% of the stock is currently owned by corporate insiders.

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 also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

Insider Buying and Selling by Quarter for Sanderson Farms (NASDAQ:SAFM)

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