Sanderson Farms Inc. (NASDAQ:SAFM) traded down 1.9% during trading on Friday . The company traded as low as $85.15 and last traded at $85.39, with a volume of 365,815 shares traded. The stock had previously closed at $87.01.

A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered Sanderson Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. lowered Sanderson Farms from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $96.00 to $95.00 in a research report on Friday, May 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $81.71.

The stock’s 50 day moving average price is $84.89 and its 200 day moving average price is $86.07. The stock has a market cap of $1.93 billion and a price-to-earnings ratio of 14.06.

Sanderson Farms (NASDAQ:SAFM) last released its quarterly earnings results on Thursday, May 26th. The company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.49. The company earned $692.10 million during the quarter, compared to the consensus estimate of $671.61 million. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.13 EPS. On average, equities research analysts expect that Sanderson Farms Inc. will post $6.72 earnings per share for the current year.

Other large investors recently added to or reduced their stakes in the company. Shell Asset Management Co. bought a new stake in Sanderson Farms during the fourth quarter worth approximately $1,887,000. Rhumbline Advisers raised its stake in Sanderson Farms by 3.7% in the fourth quarter. Rhumbline Advisers now owns 37,593 shares of the company’s stock worth $2,914,000 after buying an additional 1,325 shares during the period. First Trust Advisors LP raised its stake in Sanderson Farms by 15.8% in the fourth quarter. First Trust Advisors LP now owns 50,612 shares of the company’s stock worth $3,923,000 after buying an additional 6,917 shares during the period. Quantitative Investment Management LLC bought a new stake in Sanderson Farms during the fourth quarter worth approximately $1,379,000. Finally, Schroder Investment Management Group raised its stake in Sanderson Farms by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 170,127 shares of the company’s stock worth $13,188,000 after buying an additional 3,555 shares during the period.

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and the preparation, processing, marketing and distribution of processed and prepared chicken items. The Company sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms brand name to retailers, distributors and casual dining operators principally in the southeastern, southwestern, northeastern and western United States, and to customers reselling frozen chicken into export markets.

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