About Sanderson Farms (NASDAQ:SAFM)
Sanderson Farms, Inc. is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets. The Company, through its subsidiaries, Sanderson Farms, Inc. (Production Division) and Sanderson Farms, Inc. (Processing Division), conducts its chicken operations. Sanderson Farms, Inc. (Production Division) is engaged in the production of chickens to the broiler-stage. Sanderson Farms, Inc. (Foods Division) is engaged in the processing, sale and distribution of chickens. The Company, through Sanderson Farms, Inc. (Foods Division), conducts its prepared chicken business.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Animal Slaughtering & Processing
- Sub-Industry: Packaged Foods & Meats
- Symbol: NASDAQ:SAFM
- CUSIP: 80001310
- Web: www.sandersonfarms.com
- Market Cap: $3.36088 billion
- Outstanding Shares: 22,744,000
- 50 Day Moving Avg: $154.90
- 200 Day Moving Avg: $130.30
- 52 Week Range: $74.07 - $166.65
Sales & Book Value:
- Trailing P/E Ratio: 11.86
- Foreward P/E Ratio: 14.46
- P/E Growth: 1.65
- Annual Revenue: $3.21 billion
- Price / Sales: 1.05
- Book Value: $61.27 per share
- Price / Book: 2.41
- Annual Dividend: $1.28
- Dividend Yield: 0.9%
- EBITDA: $527.25 million
- Net Margins: 8.77%
- Return on Equity: 22.21%
- Return on Assets: 18.46%
- Current Ratio: 3.91%
- Quick Ratio: 2.73%
- Average Volume: 532,912 shs.
- Beta: 0.58
- Short Ratio: 13.46
Frequently Asked Questions for Sanderson Farms (NASDAQ:SAFM)
What is Sanderson Farms' stock symbol?
Sanderson Farms trades on the NASDAQ under the ticker symbol "SAFM."
How often does Sanderson Farms pay dividends? What is the dividend yield for Sanderson Farms?
Sanderson Farms announced a quarterly dividend on Thursday, September 21st. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.32 per share on Tuesday, October 17th. This represents a $1.28 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, October 2nd. This is an increase from Sanderson Farms's previous quarterly dividend of $0.24. View Sanderson Farms' Dividend History.
How were Sanderson Farms' earnings last quarter?
Sanderson Farms, Inc. (NASDAQ:SAFM) issued its quarterly earnings data on Thursday, August, 24th. The company reported $5.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.47 by $1.62. The company had revenue of $931.90 million for the quarter, compared to analysts' expectations of $921.40 million. Sanderson Farms had a return on equity of 22.21% and a net margin of 8.77%. Sanderson Farms's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.42 earnings per share. View Sanderson Farms' Earnings History.
When will Sanderson Farms make its next earnings announcement?
Where is Sanderson Farms' stock going? Where will Sanderson Farms' stock price be in 2017?
10 brokerages have issued 12 month price targets for Sanderson Farms' stock. Their forecasts range from $85.00 to $170.00. On average, they expect Sanderson Farms' share price to reach $128.00 in the next twelve months. View Analyst Ratings for Sanderson Farms.
What are analysts saying about Sanderson Farms stock?
Here are some recent quotes from research analysts about Sanderson Farms stock:
- 1. According to Zacks Investment Research, "Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States. " (10/17/2017)
- 2. Jefferies Group LLC analysts commented, "We maintain our negative bias on NT industry fundamentals as leading indicators point to acceleration in supply growth in the coming months. Additionally, declining retail beef & pork prices are likely to drive a slowdown in chicken demand. These factors combined with the stock's current high valuation keep us wary of potential downside risk. We are maintaining our Underperform rating." (2/27/2017)
Who are some of Sanderson Farms' key competitors?
Some companies that are related to Sanderson Farms include Pinnacle Foods (PF), Service Corporation International (SCI), Spectrum Brands Holdings (SPB), Glanbia Plc ADR (GLAPY), Blue Buffalo Pet Products (BUFF), Post Holdings (POST), Compania Cervecerias Unidas, S.A. (CCU), Coca-Cola Amatil (CCLAY), National Beverage Corp. (FIZZ), Flowers Foods (FLO), The Hain Celestial Group (HAIN), Tate & Lyle PLC (TATYY), Treehouse Foods (THS), 51job (JOBS), Energizer Holdings (EPC), Snyder's-Lance (LNCE), Nu Skin Enterprises (NUS) and Lancaster Colony Corporation (LANC).
Who are Sanderson Farms' key executives?
Sanderson Farms' management team includes the folowing people:
- Joe F. Sanderson Jr., Chairman of the Board, Chief Executive Officer
- Lampkin Butts, President, Chief Operating Officer, Director
- David michael Cockrell, Chief Financial Officer, Treasurer, Director
- Timothy F. Rigney, Chief Accounting Officer and Secretary
- Phil K. Livingston, Lead Independent Director
- John C. Bierbusse, Director
- Suzanne T. Mestayer, Director
- John H. Baker III, Independent Director
- Frederick L. Banks Jr., Independent Director
Who owns Sanderson Farms stock?
Sanderson Farms' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (1.60%), APG Asset Management N.V. (0.77%), Mutual of America Capital Management LLC (0.07%), State Treasurer State of Michigan (0.03%), Alpha Windward LLC (0.01%) and Howe & Rusling Inc. (0.01%). Company insiders that own Sanderson Farms stock include D Michael Cockrell, Dianne Mooney, Fred L Banks Jr, John Bierbusse, Jones Gail Pittman, Phil K Livingston and Robert C Khayat. View Institutional Ownership Trends for Sanderson Farms.
Who sold Sanderson Farms stock? Who is selling Sanderson Farms stock?
Sanderson Farms' stock was sold by a variety of institutional investors in the last quarter, including Quotient Investors LLC, Alpha Windward LLC, Eqis Capital Management Inc. and Howe & Rusling Inc.. Company insiders that have sold Sanderson Farms stock in the last year include D Michael Cockrell, Dianne Mooney, Fred L Banks Jr, John Bierbusse, Phil K Livingston and Robert C Khayat. View Insider Buying and Selling for Sanderson Farms.
Who bought Sanderson Farms stock? Who is buying Sanderson Farms stock?
Sanderson Farms' stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V., Mutual of America Capital Management LLC, State Treasurer State of Michigan, Foster & Motley Inc. and LS Investment Advisors LLC. View Insider Buying and Selling for Sanderson Farms.
How do I buy Sanderson Farms stock?
Shares of Sanderson Farms can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sanderson Farms' stock price today?
MarketBeat Community Rating for Sanderson Farms (NASDAQ SAFM)MarketBeat's community ratings are surveys of what our community members think about Sanderson Farms and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Sanderson Farms stock can currently be purchased for approximately $147.77.
Consensus Ratings for Sanderson Farms (NASDAQ:SAFM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 5 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.10)|
|Consensus Price Target: ||$128.00 (13.38% downside)|Consensus Price Target History for Sanderson Farms (NASDAQ:SAFM)
Analysts' Ratings History for Sanderson Farms (NASDAQ:SAFM)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/16/2017||Mizuho||Set Price Target||Hold||$150.00||N/A|
|10/13/2017||BMO Capital Markets||Reiterated Rating||Hold||$150.00||N/A|
|10/6/2017||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$129.00 -> $134.00||N/A|
|9/25/2017||Stephens||Reiterated Rating||Equal Weight||$145.00 -> $170.00||High|
|8/25/2017||Barclays PLC||Set Price Target||Hold||$125.00 -> $136.00||Low|
|6/9/2017||Jefferies Group LLC||Reiterated Rating||Sell||$85.00||Low|
|4/23/2017||Pacific Crest||Reiterated Rating||Overweight||$120.00 -> $125.00||Low|
|4/7/2017||Sidoti||Downgrade||Buy -> Neutral||Medium|
|3/27/2017||KeyCorp||Upgrade||Sector Weight -> Overweight||$120.00||High|
|12/5/2016||DA Davidson||Upgrade||Neutral -> Buy||$103.00 -> $98.00||N/A|
|3/15/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$75.00||N/A|
Earnings History for Sanderson Farms (NASDAQ:SAFM)Earnings History by Quarter for Sanderson Farms (NASDAQ SAFM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/24/2017||Q3 2017||$3.47||$5.09||$921.40 million||$931.90 million||View||N/A|
|5/25/2017||4/30/2017||$2.72||$2.94||$769.47 million||$802.00 million||View||N/A|
|2/23/2017||Q117||$1.42||$1.02||$695.66 million||$688.35 million||View||N/A|
|12/15/2016||Q416||$2.66||$3.36||$784.73 million||$790.81 million||View||N/A|
|8/25/2016||Q316||$2.11||$2.42||$749.76 million||$728.00 million||View||Listen|
|5/26/2016||Q216||$1.62||$2.11||$671.61 million||$692.10 million||View||Listen|
|2/25/2016||Q116||$0.45||$0.47||$588.77 million||$605.20 million||View||Listen|
|12/17/2015||Q415||$1.35||$1.22||$696.98 million||$679.60 million||View||Listen|
|8/25/2015||Q315||$2.87||$2.27||$763.03 million||$739.90 million||View||Listen|
|5/28/2015||Q215||$3.50||$3.13||$721.34 million||$716.60 million||View||Listen|
|2/24/2015||Q115||$2.62||$2.87||$638.92 million||$667.40 million||View||N/A|
|12/18/2014||Q414||$3.87||$4.04||$753.28 million||$760.90 million||View||N/A|
|8/26/2014||Q314||$3.82||$3.30||$766.63 million||$768.40 million||View||Listen|
|5/29/2014||Q214||$1.68||$2.21||$620.99 million||$660.70 million||View||Listen|
|2/25/2014||Q114||$0.85||$1.25||$573.11 million||$584.88 million||View||N/A|
|12/17/2013||Q413||$2.28||$1.97||$726.38 million||$727.10 million||View||Listen|
|8/27/2013||Q3 2013||$2.62||$2.95||$722.45 million||$739.00 million||View||N/A|
|5/30/2013||Q2 2013||$0.71||$1.06||$610.93 million||$621.20 million||View||N/A|
|2/21/2013||Q1 2013||($0.31)||$559.30 million||$605.43 million||View||N/A|
|12/18/2012||Q4 2012||$0.32||$0.41||$635.75 million||$648.40 million||View||N/A|
|8/28/2012||Q312||$1.20||$1.25||$619.93 million||$624.00 million||View||N/A|
|12/14/2010||$1.72||$2.08||$521.13 million||$529.10 million||View||N/A|
Earnings Estimates for Sanderson Farms (NASDAQ:SAFM)
2017 EPS Consensus Estimate: $9.00
2018 EPS Consensus Estimate: $6.66
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Sanderson Farms (NASDAQ:SAFM)
|Most Recent Dividend:||10/17/2017|
|Payout Ratio:||10.31% (Trailing 12 Months of Earnings) |
9.94% (Based on This Year's Estimates)
12.52% (Based on Next Year's Estimates)
Dividend History by Quarter for Sanderson Farms (NASDAQ SAFM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Sanderson Farms (NASDAQ:SAFM)
Insider Ownership Percentage: 5.66%Insider Trades by Quarter for Sanderson Farms (NASDAQ:SAFM)
Institutional Ownership Percentage: 99.88%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/30/2017||Fred L Banks Jr||Director||Sell||3,000||$144.11||$432,330.00|| |
|8/29/2017||Robert C Khayat||Director||Sell||1,775||$142.31||$252,600.25|| |
|8/25/2017||John Bierbusse||Director||Sell||625||$138.03||$86,268.75|| |
|6/1/2017||Dianne Mooney||Director||Sell||1,103||$117.69||$129,812.07|| |
|5/26/2017||Phil K Livingston||Director||Sell||500||$121.50||$60,750.00|| |
|3/29/2017||D Michael Cockrell||Treasurer||Sell||5,619||$103.71||$582,746.49|| |
|3/6/2017||Phil K Livingston||Director||Sell||1,700||$92.58||$157,386.00|| |
|2/24/2017||Robert C Khayat||Director||Sell||1,210||$93.81||$113,510.10|| |
|8/26/2016||John Bierbusse||Director||Sell||750||$97.00||$72,750.00|| |
|6/20/2016||Jones Gail Pittman||Director||Sell||125||$82.15||$10,268.75|| |
|3/29/2016||John Bierbusse||Director||Sell||750||$88.35||$66,262.50|| |
|12/21/2015||Jones Gail Pittman||Director||Sell||325||$76.81||$24,963.25|| |
|6/8/2015||Beverly W Hogan||Director||Sell||6,824||$75.81||$517,327.44|| |
|12/19/2014||John Bierbusse||Director||Sell||2,285||$85.14||$194,544.90|| |
|6/9/2014||Fred L Banks Jr||Director||Sell||2,000||$93.74||$187,480.00|| |
|6/5/2014||Dianne Mooney||Director||Sell||6,010||$97.37||$585,193.70|| |
|3/28/2014||Fred Banks, Jr.||Director||Sell||2,000||$76.50||$153,000.00|| |
|2/28/2014||D Michael Cockrell||CFO||Sell||5,287||$77.23||$408,315.01|| |
|2/28/2014||Phil Livingston||Director||Sell||3,500||$77.54||$271,390.00|| |
|2/26/2014||Robert Khayat||Director||Sell||4,608||$77.24||$355,921.92|| |
|9/16/2013||Phil Livingston||Director||Sell||2,000||$65.59||$131,180.00|| |
|8/28/2013||Phil Livingston||Director||Sell||1,000||$64.28||$64,280.00|| |
|6/28/2013||D Michael Cockrell||CFO||Sell||2,682||$66.86||$179,318.52|| |
|6/13/2013||Lampkin Butts||COO||Sell||11,000||$70.01||$770,110.00|| |
|6/12/2013||Lampkin Butts||COO||Sell||10,000||$71.18||$711,800.00|| |
|6/10/2013||Dianne Mooney||Director||Sell||5,040||$71.13||$358,495.20|| |
|5/31/2013||John Bierbusse||Director||Sell||1,756||$69.16||$121,444.96|| |
Headline Trends for Sanderson Farms (NASDAQ:SAFM)
Latest Headlines for Sanderson Farms (NASDAQ:SAFM)
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Sanderson Farms (SAFM) Chart for Monday, October, 23, 2017