BidaskClub downgraded shares of Sanderson Farms (NASDAQ:SAFM) from a buy rating to a hold rating in a research report sent to investors on Saturday, BidAskClub reports.

Several other analysts also recently commented on SAFM. Buckingham Research set a $81.00 target price on shares of MSC Industrial Direct and gave the stock a hold rating in a report on Thursday, April 11th. Barclays set a $145.00 price objective on shares of Sanderson Farms and gave the company a hold rating in a report on Friday, May 31st. ValuEngine raised shares of Yandex from a hold rating to a buy rating in a report on Saturday, April 13th. Cleveland Research raised shares of Pilgrim’s Pride from a neutral rating to a buy rating in a report on Wednesday, May 22nd. Finally, Goldman Sachs Group set a $44.00 price objective on shares of Steel Dynamics and gave the company a buy rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $124.13.

Shares of SAFM stock opened at $129.82 on Friday. The company has a market cap of $2.98 billion, a P/E ratio of 42.99 and a beta of 0.81. The company has a quick ratio of 1.72, a current ratio of 3.42 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $138.46. Sanderson Farms has a 52 week low of $93.98 and a 52 week high of $154.82.

Sanderson Farms (NASDAQ:SAFM) last announced its earnings results on Thursday, May 30th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.77 by $0.06. The business had revenue of $845.23 million during the quarter, compared to the consensus estimate of $846.70 million. Sanderson Farms had a negative net margin of 0.28% and a negative return on equity of 0.13%. Sanderson Farms’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 EPS. As a group, equities research analysts anticipate that Sanderson Farms will post 6.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its holdings in Sanderson Farms by 5.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 5,097 shares of the company’s stock valued at $506,000 after purchasing an additional 248 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Sanderson Farms by 21.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,251 shares of the company’s stock valued at $956,000 after buying an additional 1,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Sanderson Farms by 1,054.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,628 shares of the company’s stock valued at $215,000 after buying an additional 1,487 shares in the last quarter. Norges Bank acquired a new position in shares of Sanderson Farms in the 4th quarter valued at approximately $34,883,000. Finally, Baltimore Capital Management Inc. acquired a new position in shares of Sanderson Farms in the 1st quarter valued at approximately $891,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

About Sanderson Farms

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.

Featured Article: Asset Allocation and Your Retirement

Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

Receive News & Ratings for Sanderson Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms and related companies with MarketBeat.com's FREE daily email newsletter.