Westbourne Investment Advisors Inc. increased its stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) by 11.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,950 shares of the company’s stock after purchasing an additional 595 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in Sanderson Farms were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAFM. Strs Ohio purchased a new stake in Sanderson Farms during the 4th quarter valued at approximately $29,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Sanderson Farms by 2,890.9% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 329 shares of the company’s stock worth $33,000 after acquiring an additional 318 shares during the period. Advisor Group Inc. grew its holdings in shares of Sanderson Farms by 33.0% in the 4th quarter. Advisor Group Inc. now owns 874 shares of the company’s stock worth $86,000 after acquiring an additional 217 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Sanderson Farms by 101.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 977 shares of the company’s stock worth $100,000 after acquiring an additional 491 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Sanderson Farms by 722.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,719 shares of the company’s stock worth $178,000 after acquiring an additional 1,510 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Lampkin Butts sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $127.82, for a total value of $1,278,200.00. Following the completion of the sale, the insider now directly owns 121,611 shares in the company, valued at approximately $15,544,318.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Bierbusse sold 677 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $113.94, for a total value of $77,137.38. Following the completion of the sale, the director now owns 12,675 shares of the company’s stock, valued at $1,444,189.50. The disclosure for this sale can be found here. Corporate insiders own 5.55% of the company’s stock.

A number of equities research analysts recently issued reports on the company. BidaskClub raised Sanderson Farms from a “hold” rating to a “buy” rating in a research note on Saturday. Stephens assumed coverage on Sanderson Farms in a research note on Monday, March 4th. They issued an “equal weight” rating and a $130.00 target price on the stock. BMO Capital Markets upped their target price on Sanderson Farms from $95.00 to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, February 27th. Jefferies Financial Group reaffirmed a “sell” rating and issued a $77.00 target price on shares of Sanderson Farms in a research note on Sunday, February 17th. Finally, JPMorgan Chase & Co. raised Sanderson Farms from an “underweight” rating to a “neutral” rating and upped their target price for the company from $88.00 to $127.00 in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $116.25.

Shares of Sanderson Farms stock traded down $0.24 during trading hours on Monday, reaching $139.26. 14,769 shares of the company’s stock were exchanged, compared to its average volume of 354,913. Sanderson Farms, Inc. has a 52-week low of $93.98 and a 52-week high of $139.88. The firm has a market cap of $3.11 billion, a PE ratio of 46.30 and a beta of 0.78. The company has a quick ratio of 1.48, a current ratio of 2.82 and a debt-to-equity ratio of 0.04.

Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings results on Tuesday, February 26th. The company reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.00. Sanderson Farms had a negative return on equity of 0.04% and a negative net margin of 0.24%. The company had revenue of $743.40 million for the quarter, compared to analyst estimates of $705.25 million. During the same quarter in the prior year, the company posted $2.24 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that Sanderson Farms, Inc. will post 2.6 EPS for the current year.

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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-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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Institutional Ownership by Quarter for Sanderson Farms (NASDAQ:SAFM)

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