The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) is a huge mover today! About 384,500 shares traded hands. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 3.75% since March 7, 2016 and is downtrending. It has underperformed by 11.34% the S&P500.
The move comes after 7 months positive chart setup for the $2.01B company. It was reported on Oct, 10 by Barchart.com. We have $129.28 PT which if reached, will make NASDAQ:SAFM worth $783.90 million more.
Sanderson Farms, Inc. (NASDAQ:SAFM) Ratings Coverage
Out of 8 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. Sanderson Farms Inc. has been the topic of 12 analyst reports since August 26, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the shares of SAFM in a report on Friday, May 27 to “Neutral” rating. The firm earned “Buy” rating on Thursday, August 18 by CLSA. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Outperform” rating by CLSA on Thursday, December 3. The firm has “Neutral” rating given on Wednesday, October 5 by DA Davidson. The company was downgraded on Tuesday, March 15 by Goldman Sachs. The stock has “Overweight” rating given by JP Morgan on Monday, January 11. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Outperform” rating given on Thursday, December 3 by Credit Agricole. The firm has “Underperform” rating given on Wednesday, December 16 by Jefferies. The company was downgraded on Friday, November 20 by Sidoti.
According to Zacks Investment Research, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States.”
Insitutional Activity: The institutional sentiment decreased to 0.7 in 2016 Q2. Its down 0.20, from 0.9 in 2016Q1. The ratio fall, as 40 funds sold all Sanderson Farms, Inc. shares owned while 88 reduced positions. 30 funds bought stakes while 59 increased positions. They now own 20.11 million shares or 22.32% less from 25.89 million shares in 2016Q1.
Commonwealth Equity Services last reported 10,165 shares in the company. Meeder Asset Mngmt accumulated 0.02% or 1,942 shares. 1St Advsrs holds 2,835 shares or 0.03% of its portfolio. Indexiq Advisors Limited Liability Com, a New York-based fund reported 7,591 shares. Ls Investment has 688 shares for 0% of their US portfolio. Envestnet Asset Management accumulated 0% or 3,425 shares. Jennison Assocs Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The holds 14,215 shares or 0% of its portfolio. Ellington Group Inc Ltd Llc holds 0.34% or 2,800 shares in its portfolio. Diam Communications holds 4,197 shares or 0.01% of its portfolio. Shell Asset Mgmt Com accumulated 0.04% or 21,730 shares. Cap Fund has invested 0% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM). Northern Trust holds 0.01% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 385,738 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,333 shares for 0% of their US portfolio. Financial Bank Of New York Mellon accumulated 0.01% or 294,286 shares.
Insider Transactions: Since August 26, 2016, the stock had 0 insider buys, and 2 selling transactions for $169,231 net activity. $96,481 worth of Sanderson Farms, Inc. (NASDAQ:SAFM) shares were sold by LIVINGSTON PHIL K. Bierbusse John also sold $72,750 worth of Sanderson Farms, Inc. (NASDAQ:SAFM) on Friday, August 26.
More notable recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Sanderson Farms, Quest Diagnostics and Agilent Technologies” on September 28, 2016, also Businesswire.com with their article: “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims …” published on October 07, 2016, Businesswire.com published: “INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Sanderson Farms …” on October 07, 2016. More interesting news about Sanderson Farms, Inc. (NASDAQ:SAFM) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” published on October 07, 2016 as well as Businesswire.com‘s news article titled: “Sanderson Farms, Inc. Announces Increase in Quarterly Dividend and Declares …” with publication date: September 22, 2016.
SAFM Company Profile
Sanderson Farms, Inc., incorporated on October 31, 1978, is a poultry processing firm engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared chicken items. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). It produces a range of processed chicken products and prepared chicken items. 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, and casual dining operators in the south-eastern, south-western, north-eastern and western United States and to clients who resell frozen chicken into export markets. During the fiscal year ended October 31, 2013 (fiscal 2013), it processed 452 million chickens, or over 3.0 billion dressed pounds.
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