The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) is a huge mover today! The stock decreased 6.85% or $6.31 during the last trading session, hitting $85.79. About 1.14 million shares traded hands or 112.61% up from the average. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 1.38% since April 4, 2016 and is downtrending. It has underperformed by 2.47% the S&P500.
The move comes after 6 months negative chart setup for the $1.94 billion company. It was reported on Nov, 4 by Barchart.com. We have $79.78 PT which if reached, will make NASDAQ:SAFM worth $135.80 million less.
Sanderson Farms, Inc. (NASDAQ:SAFM) Ratings Coverage
Out of 8 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. Sanderson Farms Inc. has been the topic of 12 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Neutral” rating given on Friday, May 27 by JP Morgan. DA Davidson initiated it with “Neutral” rating and $103 target price in Wednesday, October 5 report. Credit Agricole upgraded the shares of SAFM in a report on Thursday, December 3 to “Outperform” rating. The rating was downgraded by Sidoti to “Neutral” on Friday, November 20. CLSA upgraded the shares of SAFM in a report on Thursday, August 18 to “Buy” rating. The firm has “Outperform” rating given on Thursday, December 3 by CLSA. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Sell” rating by Goldman Sachs on Tuesday, March 15. As per Monday, January 11, the company rating was upgraded by JP Morgan. Jefferies initiated the shares of SAFM in a report on Wednesday, December 16 with “Underperform” rating.
According to Zacks Investment Research, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States.”
Insitutional Activity: The institutional sentiment decreased to 0.7 in 2016 Q2. Its down 0.20, from 0.9 in 2016Q1. The ratio dived, as 40 funds sold all Sanderson Farms, Inc. shares owned while 88 reduced positions. 30 funds bought stakes while 59 increased positions. They now own 20.11 million shares or 22.32% less from 25.89 million shares in 2016Q1.
Moors Cabot Inc owns 5,806 shares or 0.09% of their US portfolio. Proshare Advsr Ltd Liability Company last reported 0% of its portfolio in the stock. Tower Cap Lc (Trc), a New York-based fund reported 1,981 shares. Prudential Fincl reported 372,595 shares or 0.05% of all its holdings. Qs Investors Limited Liability Corporation has 120,302 shares for 0.09% of their US portfolio. Thrivent For Lutherans holds 11,010 shares or 0% of its portfolio. Burney Com has 0.09% invested in the company for 15,246 shares. First Citizens Bank owns 4,692 shares or 0.04% of their US portfolio. Acadian Asset Mgmt Ltd owns 725,246 shares or 0.32% of their US portfolio. Robeco Institutional Asset Mgmt Bv has invested 0.11% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM). Comml Bank Of America Corp De reported 63,238 shares or 0% of all its holdings. James holds 0.19% or 86,567 shares in its portfolio. Evanston Invests Dba Evanston Advsrs owns 31,561 shares or 0.89% of their US portfolio. X Management Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, Hutchin Hill Cap L P has 0.04% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 14,900 shares.
Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 2 sales for $169,231 net activity. 1,000 shares with value of $96,481 were sold by LIVINGSTON PHIL K on Wednesday, August 31. Bierbusse John sold $72,750 worth of stock.
More notable recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on October 07, 2016, also Prnewswire.com with their article: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Sanderson Farms, Inc.” published on October 31, 2016, Businesswire.com published: “Robbins Arroyo LLP Is Investigating the Officers and Directors of Sanderson …” on November 02, 2016. More interesting news about Sanderson Farms, Inc. (NASDAQ:SAFM) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Sanderson …” published on October 31, 2016 as well as Globenewswire.com‘s news article titled: “Pomerantz Law Firm Announces the Filing of a Class Action against Sanderson …” with publication date: October 28, 2016.
SAFM Company Profile
Sanderson Farms, Inc., incorporated on October 31, 1978, is a poultry processing firm engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared chicken items. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). It produces a range of processed chicken products and prepared chicken items. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the south-eastern, south-western, north-eastern and western United States and to clients who resell frozen chicken into export markets. During the fiscal year ended October 31, 2013 (fiscal 2013), it processed 452 million chickens, or over 3.0 billion dressed pounds.
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