Sanderson Farms Receives a Sell from Jefferies

By Ryan Adsit

In a report released today, Akshay Jagdale from Jefferies reiterated a Sell rating on Sanderson Farms (NASDAQ: SAFM), with a price target of $85. The company’s shares opened today at $128.10, close to its 52-week high of $128.68.

According to, Jagdale is a 4-star analyst with an average return of 4.8% and a 50.0% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

Sanderson Farms has an analyst consensus of Hold, with a price target consensus of $113.33.

Based on Sanderson Farms’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $802 million and quarterly net profit of $65.93 million. In comparison, last year the company earned revenue of $692 million and had a net profit of $46.87 million.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Michael D. Cockrell, the Treas. & CFO of SAFM sold 5,619 shares for a total of $582,774.

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Sanderson Farms, Inc. is a poultry processing company that engages in the production, processing, marketing and distribution of fresh, frozen, further processed and partially cooked chicken products. It operates through the following business divisions: Production, Processing, and Foods. The Production division refers to the production of chickens to the broiler stage. The Processing division involves the processing, sale, and distribution of chickens. The Foods division comprises the processing, marketing, and distribution of prepared chicken items sold nationally and regionally. The company was founded by Dewey R. Sanderson, Dewey R. Sanderson, Jr. and Joe Frank Sanderson in 1947 and is headquartered in Laurel, MS.