Sanderson Farms, Inc. (NASDAQ:SAFM) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $137.36.
Several equities analysts have recently weighed in on SAFM shares. Bank of America upgraded shares of Sanderson Farms from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $180.00 in a research note on Thursday, November 14th. ValuEngine cut shares of Sanderson Farms from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 23rd. BidaskClub raised Sanderson Farms from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. Finally, Credit Suisse Group initiated coverage on Sanderson Farms in a research report on Friday. They issued an “outperform” rating and a $197.00 price target for the company.
In other Sanderson Farms news, Director Robert C. Khayat sold 1,726 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $155.34, for a total value of $268,116.84. Following the sale, the director now owns 10,918 shares of the company’s stock, valued at approximately $1,696,002.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Lampkin Butts sold 10,000 shares of Sanderson Farms stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $155.17, for a total value of $1,551,700.00. Following the sale, the chief operating officer now owns 104,800 shares of the company’s stock, valued at approximately $16,261,816. The disclosure for this sale can be found here. 5.55% of the stock is owned by company insiders.
NASDAQ SAFM traded down $0.48 during trading on Monday, hitting $166.07. 304,232 shares of the company’s stock traded hands, compared to its average volume of 290,064. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 54.99 and a beta of 0.74. Sanderson Farms has a 12-month low of $93.98 and a 12-month high of $171.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 2.94. The business has a 50 day moving average of $159.63 and a 200-day moving average of $146.53.
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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