The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) is a huge mover today! About 178,137 shares traded hands. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 8.24% since April 26, 2016 and is downtrending. It has underperformed by 13.50% the S&P500.
The move comes after 7 months positive chart setup for the $1.84 billion company. It was reported on Nov, 29 by Barchart.com. We have $88.69 PT which if reached, will make NASDAQ:SAFM worth $165.60 million more.
Analysts await Sanderson Farms, Inc. (NASDAQ:SAFM) to report earnings on December, 15 before the open. They expect $2.68 EPS, up 119.67% or $1.46 from last year’s $1.22 per share. SAFM’s profit will be $60.60 million for 7.59 P/E if the $2.68 EPS becomes a reality. After $2.42 actual EPS reported by Sanderson Farms, Inc. for the previous quarter, Wall Street now forecasts 10.74% EPS growth.
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. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Neutral” rating by Sidoti on Friday, November 20. As per Tuesday, March 15, the company rating was downgraded by Goldman Sachs. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Overweight” rating given on Monday, January 11 by JP Morgan. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Neutral” rating given on Friday, May 27 by JP Morgan. The rating was upgraded by Credit Agricole to “Outperform” on Thursday, December 3. DA Davidson initiated the shares of SAFM in a report on Wednesday, October 5 with “Neutral” rating. CLSA upgraded Sanderson Farms, Inc. (NASDAQ:SAFM) on Thursday, December 3 to “Outperform” rating. CLSA upgraded the shares of SAFM in a report on Thursday, August 18 to “Buy” rating. Jefferies initiated Sanderson Farms, Inc. (NASDAQ:SAFM) on Wednesday, December 16 with “Underperform” rating.
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 increased to 1.23 in 2016 Q2. Its up 0.53, from 0.7 in 2016Q1. The ratio improved, 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.
Kempen Mgmt Nv holds 0.01% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 962 shares. Comml Bank Of Ny Mellon last reported 294,286 shares in the company. Bridgeway Capital Mngmt accumulated 35,300 shares or 0.05% of the stock. Qs Ltd Liability Co accumulated 120,302 shares or 0.09% of the stock. Ipg Limited owns 3,600 shares or 0% of their US portfolio. Vident Advisory Ltd Liability last reported 0.33% of its portfolio in the stock. Moreover, Citigroup has 0% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 16,105 shares. California State Teachers Retirement Sys has 0.01% invested in the company for 42,056 shares. Moreover, Aqr Capital Mgmt Ltd Com has 0.01% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 82,137 shares. Herndon Capital Mgmt Limited Co accumulated 64 shares or 0% of the stock. Deutsche Bank Ag holds 0.01% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 121,262 shares. Weaver C Barksdale & Associates accumulated 0.01% or 80 shares. Thrivent Financial For Lutherans accumulated 11,010 shares or 0% of the stock. Commonwealth Equity Svcs Inc has 10,165 shares for 0.01% of their US portfolio. Meeder Asset Mgmt reported 1,942 shares or 0.02% of all its holdings.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 2 selling transactions for $169,231 net activity. Bierbusse John sold $72,750 worth of Sanderson Farms, Inc. (NASDAQ:SAFM) on Friday, August 26. $96,481 worth of Sanderson Farms, Inc. (NASDAQ:SAFM) was sold by LIVINGSTON PHIL K on Wednesday, August 31.
More notable recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Businesswire.com which released: “Sanderson Farms, Inc. to Host Its Fourth Quarter and Fiscal 2016 Conference Call” on November 22, 2016, also Prnewswire.com with their article: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Sanderson Farms, Inc.” published on October 31, 2016, Seekingalpha.com published: “Sanderson Farms: 12% Annual Returns For 20+ Years” on November 14, 2016. More interesting news about Sanderson Farms, Inc. (NASDAQ:SAFM) were released by: Businesswire.com and their article: “INVESTOR ALERT: Investigation of Sanderson Farms, Inc. Announced by Law …” published on November 22, 2016 as well as Globenewswire.com‘s news article titled: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Sanderson Farms …” with publication date: November 18, 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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