Sanderson Farms (NASDAQ:SAFM) Sets New 52-Week High at $200.51

Sanderson Farms, Inc. (NASDAQ:SAFMGet Rating) hit a new 52-week high during trading on Friday . The stock traded as high as $200.51 and last traded at $200.18, with a volume of 5157 shares trading hands. The stock had previously closed at $194.49.

Several analysts recently commented on the stock. StockNews.com assumed coverage on shares of Sanderson Farms in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Zacks Investment Research cut shares of Sanderson Farms from a “strong-buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research note on Tuesday, April 5th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sanderson Farms presently has an average rating of “Hold” and a consensus price target of $202.29.

The company has a market cap of $4.46 billion, a price-to-earnings ratio of 6.80 and a beta of 0.65. The business’s 50-day simple moving average is $187.44 and its 200-day simple moving average is $186.14.

Sanderson Farms (NASDAQ:SAFMGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported $8.64 EPS for the quarter. The business had revenue of $1.33 billion during the quarter. Sanderson Farms had a net margin of 12.23% and a return on equity of 35.95%. As a group, equities research analysts expect that Sanderson Farms, Inc. will post 31.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.88%. Sanderson Farms’s dividend payout ratio (DPR) is presently 6.15%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. grew its holdings in Sanderson Farms by 159.3% in the first quarter. TCI Wealth Advisors Inc. now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 86 shares during the period. Signaturefd LLC grew its holdings in Sanderson Farms by 95.6% in the fourth quarter. Signaturefd LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 86 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Sanderson Farms in the fourth quarter valued at approximately $36,000. National Bank of Canada FI grew its stake in Sanderson Farms by 78.0% during the first quarter. National Bank of Canada FI now owns 210 shares of the company’s stock worth $39,000 after buying an additional 92 shares during the period. Finally, Aquire Wealth Advisors LLC purchased a new stake in Sanderson Farms during the fourth quarter worth approximately $82,000. Institutional investors and hedge funds own 79.59% of the company’s stock.

Sanderson Farms Company Profile (NASDAQ:SAFM)

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.

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