Sanderson Farms (NASDAQ:SAFM) had its target price decreased by Buckingham Research from $95.00 to $90.00 in a research note released on Thursday morning. Buckingham Research currently has a hold rating on the stock.

Several other equities analysts also recently weighed in on SAFM. ValuEngine raised shares of Sanderson Farms from a sell rating to a hold rating in a research note on Wednesday, June 27th. BidaskClub downgraded shares of Sanderson Farms from a hold rating to a sell rating in a research note on Wednesday, July 18th. Mizuho set a $105.00 target price on shares of Sanderson Farms and gave the stock a hold rating in a research note on Wednesday, July 25th. Cfra set a $108.00 target price on shares of Sanderson Farms and gave the stock a hold rating in a research note on Saturday, May 26th. Finally, Barclays reaffirmed a hold rating and set a $110.00 target price on shares of Sanderson Farms in a research note on Friday, May 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Sanderson Farms has an average rating of Hold and a consensus price target of $116.22.

Shares of NASDAQ:SAFM traded up $2.84 during midday trading on Thursday, hitting $108.46. The company’s stock had a trading volume of 20,628 shares, compared to its average volume of 491,023. The company has a market cap of $2.35 billion, a P/E ratio of 8.73 and a beta of 0.33. Sanderson Farms has a 12-month low of $95.97 and a 12-month high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings results on Thursday, May 24th. The company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by ($0.67). The business had revenue of $813.50 million during the quarter, compared to analysts’ expectations of $839.64 million. Sanderson Farms had a return on equity of 16.79% and a net margin of 8.20%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.94 earnings per share. analysts expect that Sanderson Farms will post 6.04 earnings per share for the current year.

Sanderson Farms announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 31st that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, July 30th. Sanderson Farms’s dividend payout ratio (DPR) is presently 10.41%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Montag A & Associates Inc. increased its position in shares of Sanderson Farms by 9.1% during the second quarter. Montag A & Associates Inc. now owns 6,000 shares of the company’s stock valued at $631,000 after acquiring an additional 500 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Sanderson Farms by 89.2% during the second quarter. Parallel Advisors LLC now owns 1,258 shares of the company’s stock valued at $132,000 after acquiring an additional 593 shares during the last quarter. Point View Wealth Management Inc. increased its position in shares of Sanderson Farms by 7.0% during the second quarter. Point View Wealth Management Inc. now owns 9,066 shares of the company’s stock valued at $953,000 after acquiring an additional 595 shares during the last quarter. Affinity Investment Advisors LLC increased its position in shares of Sanderson Farms by 33.9% during the first quarter. Affinity Investment Advisors LLC now owns 2,589 shares of the company’s stock valued at $308,000 after acquiring an additional 655 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Sanderson Farms by 2.0% during the first quarter. Swiss National Bank now owns 35,600 shares of the company’s stock valued at $4,237,000 after acquiring an additional 700 shares during the last quarter.

Sanderson Farms Company Profile

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 pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form 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 in the export markets.

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Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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