The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) is a huge mover today! About 273,956 shares traded hands. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 8.14% since April 5, 2016 and is downtrending. It has underperformed by 10.09% the S&P500.
The move comes after 8 months positive chart setup for the $1.98B company. It was reported on Nov, 8 by Barchart.com. We have $135.99 PT which if reached, will make NASDAQ:SAFM worth $1.11 billion more.
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 rating was upgraded by CLSA on Thursday, August 18 to “Buy”. The firm has “Neutral” rating given on Friday, November 20 by Sidoti. As per Wednesday, December 16, the company rating was initiated by Jefferies. The firm has “Overweight” rating by JP Morgan given on Monday, January 11. The stock has “Sell” rating given by Goldman Sachs on Tuesday, March 15. The company was downgraded on Friday, May 27 by JP Morgan. The rating was initiated by DA Davidson with “Neutral” on Wednesday, October 5. The stock has “Outperform” rating given by CLSA on Thursday, December 3. Credit Agricole upgraded the stock to “Outperform” rating in Thursday, December 3 report.
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.
Louisiana State Employees Retirement System holds 0.04% or 8,800 shares in its portfolio. Tiaa Cref Limited holds 0% or 63,037 shares in its portfolio. Bnp Paribas Investment Partners holds 15,294 shares or 0.01% of its portfolio. Canada Pension Plan Invest Board last reported 0.06% of its portfolio in the stock. Kennedy Cap Mngmt Inc holds 0.15% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 86,219 shares. Fiera Capital holds 0.02% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 32,600 shares. Jpmorgan Chase & reported 123,973 shares or 0% of all its holdings. X Mngmt Limited Liability Corporation accumulated 0% or 190 shares. Principal Financial Gp holds 0.02% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 143,608 shares. Invesco reported 187,586 shares or 0.01% of all its holdings. Amp Investors Ltd holds 0% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 8,944 shares. Putnam Investments Limited Liability Company, a Massachusetts-based fund reported 56,587 shares. Hutchin Hill Cap Ltd Partnership has 0.04% invested in the company for 14,900 shares. The United Kingdom-based Barclays Public Ltd Com has invested 0% in Sanderson Farms, Inc. (NASDAQ:SAFM). Lombardia Partners Limited Liability Corporation has 114,243 shares for 0.65% of their US portfolio.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 2 insider sales for $169,231 net activity. Bierbusse John sold $72,750 worth of stock or 750 shares. 1,000 Sanderson Farms, Inc. (NASDAQ:SAFM) shares with value of $96,481 were sold by LIVINGSTON PHIL K.
More important recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Prnewswire.com which released: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Sanderson Farms, Inc.” on October 31, 2016, also Prnewswire.com published article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of …”, 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) was released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on …” with publication date: November 05, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.