Sanderson Farms - SAFM Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sanderson Farms in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SAFM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAFM, but not buy additional shares or sell existing shares.
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1 brokerages have issued twelve-month target prices for Sanderson Farms' stock. Their SAFM share price forecasts range from $203.00 to $203.00. On average, they anticipate the company's stock price to reach $203.00 in the next year. This suggests that the stock has a possible downside of 0.5%.
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Sanderson Farms' stock was trading at $191.08 at the beginning of 2022. Since then, SAFM stock has increased by 6.8% and is now trading at $204.00.
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Sanderson Farms, Inc. (NASDAQ:SAFM) posted its earnings results on Wednesday, August, 25th. The company reported $7.38 earnings per share for the quarter, topping analysts' consensus estimates of $6.73 by $0.65. The firm earned $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sanderson Farms had a trailing twelve-month return on equity of 43.58% and a net margin of 15.34%. The firm's quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS.

Sanderson Farms announced a quarterly dividend on Thursday, April 21st. Investors of record on Tuesday, May 3rd will be given a dividend of $0.44 per share on Tuesday, May 17th. This represents a $1.76 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, May 2nd.
Read our dividend analysis for SAFM.

Sanderson Farms (NASDAQ:SAFM) pays an annual dividend of $1.76 per share and currently has a dividend yield of 0.86%. The dividend payout ratio is 4.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SAFM will have a dividend payout ratio of 5.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SAFM.

125 employees have rated Sanderson Farms Chief Executive Officer Joe F. Sanderson Jr. on Glassdoor.com. Joe F. Sanderson Jr. has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanderson Farms investors own include Walmart (WMT), Walt Disney (DIS), Pfizer (PFE), JPMorgan Chase & Co. (JPM), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), PepsiCo (PEP), QUALCOMM (QCOM) and NVIDIA (NVDA).

Sanderson Farms trades on the NASDAQ under the ticker symbol "SAFM."

Sanderson Farms' stock is owned by many different institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.86%), State Street Corp (2.99%), Alpine Associates Management Inc. (1.93%), Northern Trust Corp (1.31%), JPMorgan Chase & Co. (1.23%) and Walleye Trading LLC (0.00%). Insiders that own company stock include John Bierbusse, Lampkin Butts, Phil K Livingston and Toni D Cooley.
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Shares of SAFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SAFM stock can currently be purchased for approximately $204.00.

Sanderson Farms (NASDAQ:SAFM) has a market capitalization of $4.55 billion and generates $4.80 billion in revenue each year. The company earns $455.09 million in net income (profit) each year or $38.65 on an earnings per share basis.

The company employs 17,662 workers across the globe.

Sanderson Farms' mailing address is 127 FLYNT ROAD, LAUREL MS, 39443. The official website for the company is www.sandersonfarms.com. The company can be reached via phone at (601) 649-4030 or via fax at 601-426-1461.