Sanderson Farms, Inc. (NASDAQ:SAFM) Director Robert C. Khayat sold 1,775 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $142.31, for a total transaction of $252,600.25. Following the transaction, the director now owns 12,043 shares of the company’s stock, valued at approximately $1,713,839.33. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) opened at 147.52 on Friday. The firm’s 50-day moving average is $133.28 and its 200-day moving average is $115.58. The firm has a market cap of $3.36 billion, a P/E ratio of 11.84 and a beta of 0.62. Sanderson Farms, Inc. has a 1-year low of $74.07 and a 1-year high of $148.69.

Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings results on Thursday, August 24th. The company reported $5.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $1.62. The business had revenue of $931.90 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.42 EPS. On average, analysts anticipate that Sanderson Farms, Inc. will post $12.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, July 28th. Sanderson Farms’s payout ratio is 7.74%.

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SAFM has been the subject of several research reports. Mizuho initiated coverage on shares of Sanderson Farms in a report on Wednesday, June 7th. They set a “buy” rating and a $142.00 price target for the company. Zacks Investment Research lowered shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub downgraded shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co restated a “neutral” rating and issued a $129.00 price objective (up previously from $112.00) on shares of Sanderson Farms in a research note on Thursday, August 24th. Finally, Barclays PLC set a $136.00 price objective on shares of Sanderson Farms and gave the stock a “hold” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Sanderson Farms currently has an average rating of “Hold” and an average target price of $125.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAFM. Amalgamated Bank boosted its position in Sanderson Farms by 1.4% in the second quarter. Amalgamated Bank now owns 2,748 shares of the company’s stock valued at $318,000 after buying an additional 39 shares during the last quarter. 1st Global Advisors Inc. boosted its position in Sanderson Farms by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 3,007 shares of the company’s stock valued at $312,000 after buying an additional 42 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Sanderson Farms by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,210 shares of the company’s stock valued at $229,000 after buying an additional 60 shares during the last quarter. Advisor Group Inc. boosted its position in Sanderson Farms by 6.9% in the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $112,000 after buying an additional 62 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Sanderson Farms by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,640 shares of the company’s stock valued at $793,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 99.99% of the company’s stock.

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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