Sanderson Farms Inc. (SAFM): Interesting things to know About SAFM

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Sanderson Farms Inc. (NASDAQ:SAFM) changes shares on Friday trading session, with a change of -0.99% or -$1.22 shares. The trading starts at $124.70 and closed at $123.73 throughout the day. The trading session low price was $121.51 and day high was $124.93 on Friday, June 19. After the session, the Consumer Defensive sector daily volume shifted to 0.25 million while its average volume is 376.82K. In other hand, the SAFM market cap reached to $2.69B. While, its current target price is $122.51 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.09% and down -10.37% for month. Its quarterly performance was -3.89% below, while its half year performance is down -26.70%. SAFM yearly performance stood at negative -8.87% and fall -30.48% for year-to-date. Current recommendation for Sanderson Farms Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SAFM EPS (TTM) for 12-month is -2.35. EPS for this year is 134.10%, while for the next year its value is 7.62. Its EPS Q/Q reached -292.20%. It has an EPS of -25.90% down for past five years and for the next five years will be up 66.80%.

Let’s take a look on the analyst recommendations on SAFM for the current month and previous month. For the current month, 4 of 9 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 9 analysts participate in stock recommendation. Out of 9, 0 rated it sell, 5 rated it as Buy and 4 as Hold Ratings. On the other hand, target price ranges from $128.00-$190.00. Average target price for SAFM was reached at $152.22.

Blackrock Inc., Vanguard Group, Inc. (The) and Price (T.Rowe) Associates Inc are the top three holders in Sanderson Farms Inc. (SAFM) stock. On Mar 30, 2020, Blackrock Inc. has 2.24 million shares which valued 275.94 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 1.98 million shares which valued at 244.38 million. On Mar 30, 2020, Price (T.Rowe) Associates Inc has a total of 1.2 million shares which valued at 148.46 million. In the end, Price (T.Rowe) Associates Inc have 5.41% shares outstanding of Sanderson Farms Inc. (SAFM) on Mar 30, 2020. The insider ownership moved to 4.90% and institutional holding shifted to 89.70%.

The company posted an EPS (TTM) of -2.35. According to the most recent quarter report on (Jul 2020), 9 analysts estimated an average EPS of 1.96, while 2.41 EPS posted a year ago period. Analyst Estimated EPS for SAFM published in the report was 0.42-4.63 during the same period. Comparing with last year, the average estimated EPS was 2.41 which is higher than 0.28 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SAFM fall -14.90% for period of 200 days. SMA for 50 days was -7.05% which is showing red signal, while SMA-20 was -4.79%. The moving average value for Sanderson Farms Inc. (SAFM) is 139.92 and 132.57 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SAFM stock. On Jun 04, LIVINGSTON PHIL K, Director, sold 700 trading shares at the cost of $125.99, which valued at 88196.0. On May 29, Bierbusse John, Director, sold 1,500 shares at the cost of $132.30, with total shares of 11,801. On Sep 25, BUTTS LAMPKIN, President and COO, sold 10,000 shares at the cost of 155.17. After this transaction, BUTTS LAMPKIN total shares reached to 103,961 which valued at 1.55 million.