Rational Advisors LLC Purchases New Position in Sanderson Farms, Inc. (NASDAQ:SAFM)

Rational Advisors LLC purchased a new stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFM) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,836 shares of the company’s stock, valued at approximately $374,000.

A number of other large investors have also bought and sold shares of SAFM. Texas Permanent School Fund boosted its position in shares of Sanderson Farms by 0.7% during the first quarter. Texas Permanent School Fund now owns 13,238 shares of the company’s stock valued at $1,745,000 after buying an additional 86 shares during the period. Suntrust Banks Inc. boosted its position in shares of Sanderson Farms by 4.0% during the fourth quarter. Suntrust Banks Inc. now owns 2,244 shares of the company’s stock valued at $222,000 after buying an additional 87 shares during the period. We Are One Seven LLC boosted its position in shares of Sanderson Farms by 5.3% during the fourth quarter. We Are One Seven LLC now owns 2,942 shares of the company’s stock valued at $292,000 after buying an additional 149 shares during the period. Arizona State Retirement System boosted its position in shares of Sanderson Farms by 1.1% during the fourth quarter. Arizona State Retirement System now owns 14,425 shares of the company’s stock valued at $1,432,000 after buying an additional 155 shares during the period. Finally, Formidable Asset Management LLC boosted its position in shares of Sanderson Farms by 1.6% during the fourth quarter. Formidable Asset Management LLC now owns 10,773 shares of the company’s stock valued at $1,070,000 after buying an additional 167 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

SAFM has been the subject of several recent analyst reports. BidaskClub lowered Sanderson Farms from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 30th. ValuEngine upgraded Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 13th. TheStreet upgraded Sanderson Farms from a “c+” rating to a “b” rating in a report on Friday, June 7th. Buckingham Research boosted their price target on Sanderson Farms from $115.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upgraded Sanderson Farms from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $88.00 to $127.00 in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $124.13.

Shares of SAFM stock traded up $0.05 during trading hours on Friday, reaching $144.23. 233,477 shares of the company’s stock were exchanged, compared to its average volume of 467,158. The company has a market cap of $3.19 billion, a PE ratio of 47.76 and a beta of 0.87. The company has a current ratio of 3.42, a quick ratio of 1.72 and a debt-to-equity ratio of 0.07. Sanderson Farms, Inc. has a fifty-two week low of $93.98 and a fifty-two week high of $154.82.

Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.06. The business had revenue of $845.23 million for the quarter, compared to the consensus estimate of $846.70 million. Sanderson Farms had a negative return on equity of 0.13% and a negative net margin of 0.28%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities analysts forecast that Sanderson Farms, Inc. will post 6.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Monday, May 6th. Sanderson Farms’s payout ratio is presently 42.38%.

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Sanderson Farms Company Profile

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.

Further Reading: Futures Contract

Institutional Ownership by Quarter for Sanderson Farms (NASDAQ:SAFM)

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