AdvancePierre Foods Holdings Inc (NASDAQ:APFH) shares fell 3.2% on Wednesday . The stock traded as low as $24.67 and last traded at $24.91, with a volume of 85,873 shares. The stock had previously closed at $25.73.

Several research firms have weighed in on APFH. Wells Fargo & Co. began coverage on shares of AdvancePierre Foods Holdings in a report on Monday, August 15th. They set an “outperform” rating on the stock. Credit Suisse Group AG began coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They set an “outperform” rating and a $29.00 price objective on the stock. Deutsche Bank AG started coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They set a “buy” rating and a $28.00 price objective on the stock. Morgan Stanley started coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They issued an “overweight” rating and a $28.00 target price for the company. Finally, BMO Capital Markets started coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They issued an “outperform” rating and a $29.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. AdvancePierre Foods Holdings currently has an average rating of “Buy” and an average price target of $28.00.

The stock has a market capitalization of $1.95 billion and a P/E ratio of 15.94. The company’s 50 day moving average is $24.71 and its 200 day moving average is $24.71.

AdvancePierre Foods Holdings (NASDAQ:APFH) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. The business earned $370 million during 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 $1.60 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Monday, August 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, August 25th.

In other AdvancePierre Foods Holdings news, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $21.00, for a total value of $181,233,990.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

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