Economy

Sanderson Farms, Inc. (SAFM) Director Sells $86268.75 in Stock

Several brokerages have recently issued reports on SAFM. The stock of Sanderson Farms, Inc. Sanderson Farms reported earnings of $3.36 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20.8%. The company is expected to issue its next quarterly earnings report on Thursday, December 21st. On average, equities research analysts predict that Sanderson Farms, Inc. will post $12.80 EPS for the current fiscal year. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 33.01% since September 13, 2016 and is uptrending.

Sanderson Farms, Inc. (SAFM) opened the session with a $152.57 price tag, later ranging from $151.63 to $154.57, the range at which the stock has traded at throughout the day. The company reported $5.09 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $3.47 by $1.62. Jacobs Levy Equity Mgmt Inc invested 0.22% of its portfolio in Sanderson Farms, Inc. The business had revenue of $931.90 million during the quarter, compared to analyst estimates of $921.40 million. During the same quarter past year, the firm earned $2.42 EPS. For the same quarter last year, firm reported $2.42 Earnings Per Share. on consensus, financial stock experts guide that Sanderson Farms, to post $12.80 earnings per share for the financial year. Microsoft Corporation had 110 analyst reports since July 22, 2015 according to SRatingsIntel. BidaskClub upgraded Sanderson Farms from a "hold" rating to a "buy" rating in a research report on Tuesday, August 1st. Stephens downgraded Sanderson Farms from an "overweight" rating to an "equal weight" rating and set a $145.00 price objective for the company.in a research report on Thursday, August 17th. BNP Paribas Arbitrage SA grew its position in Sanderson Farms by 295.4% during the second quarter. RBC Capital Markets has "Outperform" rating and $71 target. Sanderson Farms Inc. had 25 analyst reports since August 26, 2015 according to SRatingsIntel. J P Morgan Chase & Co reissued a "neutral" rating and set a $129.00 price objective (up previously from $112.00) on shares of Sanderson Farms in a report on Thursday, August 24th.

06/07/2017 - Mizuho began new coverage on Sanderson Farms, Inc. giving the company a "buy" rating. (NASDAQ:SAFM). Citadel Ltd Liability invested in 0.01% or 157,280 shares. Indexiq Advisors Llc acquired 4,654 shares as Sanderson Farms Inc (SAFM)'s stock rose 21.33%.

Btim Corp decreased Sanderson Farms Inc (SAFM) stake by 4.28% reported in 2016Q4 SEC filing. The stock's 50 day SMA price is $139.14 and its 200 SMA price is $118.34. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 12.34 and a beta of 0.56. 1 expert has recommended the share with a sell recommendation, six have issued a hold recommendation, five has issued a buy recommendation and 1 has given a strong buy recommendation to The corporation. The ex-dividend date was Fri, Jul 28th. This represents a $0.96 annualized dividend and a yield of 0.63%.

08/24/2017 - Sanderson Farms, Inc. had its "neutral" rating reiterated by analysts at JP Morgan.

03/15/2016 - Sanderson Farms, Inc. was downgraded to "sell" by analysts at Goldman Sachs. The rating was initiated by KeyBanc Capital Markets with "Sector Weight" on Friday, December 2. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/09/13/martingale-asset-management-l-p-sells-2399-shares-of-sanderson-farms-inc-safm.html. (NASDAQ:SAFM) were released by: Zacks.com and their article: "Why Sanderson Farms (SAFM) Stock Might be a Great Pick September 13, 2017" published on September 13, 2017 as well as Nasdaq.com's news article titled: "Zacks.com featured highlights Sanderson Farm, Heska Corp, Vanda ..." with publication date: August 28, 2017. Following the completion of the transaction, the director now owns 14,776 shares in the company, valued at $2,039,531.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. It has been assigned a low target price of $32 and a high target price of $38. Institutional investors own 99.99% of the company's stock. The disclosure for this sale can be found here. Following the sale, the director now directly owns 24,948 shares of the company's stock, valued at approximately $3,595,256.28.

A number of hedge funds have recently modified their holdings of the company. 1st Global Advisors Inc. boosted its stake in shares of Sanderson Farms by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 2,210 shares of the company's stock worth $229,000 after buying an additional 60 shares during the period. Municipal Employees Retirement System of MI raised its position in shares of Sanderson Farms by 0.9% during the first quarter. On Wednesday, March 29 COCKRELL D MICHAEL sold $582,774 worth of Sanderson Farms, Inc. Vanguard Group Inc. now owns 1,804,867 shares of the company's stock worth $187,418,000 after buying an additional 122,658 shares during the period. Advisors Asset Management Inc. grew its position in Sanderson Farms by 15.2% during the second quarter. Prudential Financial Inc. owned approximately 1.81% of Sanderson Farms worth $47,691,000 at the end of the most recent reporting period. Alps Advisors Inc. grew its position in Sanderson Farms by 10.4% during the second quarter.



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