AdvancePierre Foods Holdings Inc (NASDAQ:APFH)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.01 and last traded at $26.01, with a volume of 143,116 shares changing hands. The stock had previously closed at $24.97.

Several brokerages recently commented on APFH. BMO Capital Markets began coverage on shares of AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They issued an “outperform” rating and a $29.00 price objective for the company. Wells Fargo & Co. began coverage on shares of AdvancePierre Foods Holdings in a research report on Monday. They issued an “outperform” rating for the company. Deutsche Bank AG initiated coverage on shares of AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They issued a “buy” rating and a $28.00 price objective for the company. Barclays PLC initiated coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They issued an “equal weight” rating and a $27.00 price target on the stock. Finally, Credit Suisse Group AG initiated coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They issued an “outperform” rating and a $29.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $28.00.

The firm has a market cap of $1.70 billion and a P/E ratio of 16.30. The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.

AdvancePierre Foods Holdings (NASDAQ:APFH) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.16. The company had revenue of $370 million for the quarter, compared to analyst estimates of $391.90 million. AdvancePierre Foods Holdings’s revenue was down 5.4% compared to the same quarter last year. Analysts expect that AdvancePierre Foods Holdings Inc will post $1.55 earnings per share for the current year.

In other news, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $21.00, for a total transaction of $181,233,990.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AdvancePierre Foods Holdings, Inc, formerly Pierre Foods Holding Corporation, is a producer and distributor of sandwiches, sandwich components, and other entrees and snacks. The Company operates through segments, including Foodservice, which sells its products to national and regional distributors; Retail, which supplies its products to national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores; Convenience, which sells its products to national and regional convenience chains and vending providers, and Industrial, which includes sales to other food producers under short-term co-manufacturing agreements.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.