Sanderson Farms, Inc. (NASDAQ:SAFM)‘s stock had its “hold” rating restated by equities researchers at BMO Capital Markets in a research report issued on Friday. They presently have a $150.00 price objective on the stock. BMO Capital Markets’ price target suggests a potential upside of 0.91% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Sanderson Farms from a “hold” rating to a “strong-buy” rating and set a $133.00 target price on the stock in a research report on Wednesday, July 5th. ValuEngine upgraded shares of Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Sanderson Farms from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Barclays PLC set a $136.00 target price on shares of Sanderson Farms and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Stephens restated an “equal weight” rating and set a $170.00 target price (up from $145.00) on shares of Sanderson Farms in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sanderson Farms presently has an average rating of “Hold” and a consensus price target of $129.82.

Sanderson Farms (SAFM) opened at 148.65 on Friday. Sanderson Farms has a 52-week low of $74.07 and a 52-week high of $166.65. The firm’s 50-day moving average is $154.16 and its 200-day moving average is $128.45. The firm has a market capitalization of $3.38 billion, a PE ratio of 11.93 and a beta of 0.58.

Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Thursday, August 24th. The company reported $5.09 EPS for the quarter, topping the consensus estimate of $3.47 by $1.62. The company had revenue of $931.90 million for the quarter, compared to analyst estimates of $921.40 million. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The business’s revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 EPS. On average, analysts anticipate that Sanderson Farms will post $12.72 earnings per share for the current year.

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In other news, Director John Bierbusse sold 625 shares of Sanderson Farms stock in a transaction on Friday, August 25th. The stock was sold at an average price of $138.03, for a total transaction of $86,268.75. Following the completion of the transaction, the director now owns 14,776 shares of the company’s stock, valued at approximately $2,039,531.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fred L. Banks, Jr. sold 3,000 shares of Sanderson Farms stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $144.11, for a total value of $432,330.00. Following the transaction, the director now directly owns 24,948 shares of the company’s stock, valued at approximately $3,595,256.28. The disclosure for this sale can be found here. Insiders have sold a total of 5,400 shares of company stock valued at $771,199 in the last ninety days. Corporate insiders own 5.66% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in shares of Sanderson Farms during the 2nd quarter worth $309,000. Verition Fund Management LLC acquired a new position in shares of Sanderson Farms during the 2nd quarter worth $514,000. Piedmont Investment Advisors LLC acquired a new position in shares of Sanderson Farms during the 2nd quarter worth $500,000. Sterling Capital Management LLC raised its stake in shares of Sanderson Farms by 8.3% during the 2nd quarter. Sterling Capital Management LLC now owns 10,830 shares of the company’s stock worth $1,252,000 after buying an additional 829 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Sanderson Farms by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,426 shares of the company’s stock worth $1,900,000 after buying an additional 170 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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