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Sanderson Farms, Inc. (SAFM)

- NASDAQ
  • Thu, May 28, 9:28 AM
    • Sanderson Farms (NASDAQ:SAFM) trades lower after Q2 results and FY15 guidance disappointed.
    • The company's bottom line is being impacted by lower market prices in different chicken categories.
    • An outbreak of the avian flu in the U.S. has caused exports to drop.
    • Previously: Sanderson Farms misses by $0.19, misses on revenue
    • SAFM -1.9% premarket.
    | Thu, May 28, 9:28 AM | 3 Comments
  • Tue, May 5, 8:09 AM
    • Sanderson Farms (NASDAQ:SAFM) is upgraded by Stephens to an Overweight rating from Equal Weight.
    • It's a bolt of confidence in a stock pestered by fears of avian flu and rising short interest (+9.7M shares).
    • SAFM +1.90% premarket to $79.50 vs. a 52-week trading range of $74.25 to $103.90.
    | Tue, May 5, 8:09 AM | Comment!
  • Tue, Apr. 21, 8:28 AM
    • Poultry stocks are skittish in early trading after a large chicken flock in Iowa is reported to be infected with cases of the avian influenza.
    • The virus is believed to be transmitted to farms in the Midwest by ducks and geese traveling along migratory routes.
    • On watch: Tyson Foods (NYSE:TSN) -0.8%, Pilgrim's Pride (NASDAQ:PPC) -0.6%, Sanderson Farms (NASDAQ:SAFM) -0.4%, Hormel (NYSE:HRL) -0.9%.
    | Tue, Apr. 21, 8:28 AM | 6 Comments
  • Mon, Apr. 6, 12:05 PM
    • Sanderson Farms (SAFM -4.3%) trades lower after being slapped with a downgrade by KeyBanc to an Underweight rating from Sector Weight.
    • The investment firm warns chicken supply is outpacing demand in a negative trend for pricing.
    • Sector peer Pilgrim's Pride (PPC -1.9%) is also lower on the day.
    | Mon, Apr. 6, 12:05 PM | 8 Comments
  • Wed, Mar. 25, 10:09 AM
    | Wed, Mar. 25, 10:09 AM | 1 Comment
  • Fri, Mar. 13, 5:40 PM
    | Fri, Mar. 13, 5:40 PM | Comment!
  • Wed, Mar. 11, 11:40 AM
    • An unconfirmed case of avian bird flu in Arkansas is creating some anxiety in the poultry industry.
    • USDA testing is underway on the case.
    • Poultry exports to certain nations could be limited if the development worsens.
    • The chicken sector has also been hit recently with concerns on the use of certain antibiotics.
    • Decliners: Tyson Foods (TSN -5%), Hormel Foods (HRL -1%), Sanderson Farms (SAFM -5.4%), JBS (OTCQX:JBSAY -1.8%), BRF (BRFS -1.7%), and Pilgrim's Pride (PPC -7.2%)
    • Previously: Chicken stocks hit by antibiotic concerns
    | Wed, Mar. 11, 11:40 AM | 2 Comments
  • Wed, Mar. 11, 10:00 AM
    • Chicken stocks trade weaker on concerns the push to remove certain antibiotics from hatcheries could raise costs or that inaction could crimp demand.
    • The issue has been teed up nationally after McDonald's made a strong statement last week with its new sourcing policy.
    • Decliners: Tyson Foods (NYSE:TSN) -4.7%, Sanderson Farms (NASDAQ:SAFM) -4.1%, BRF (NYSE:BRFS) -2.4%, Hormel Foods (NYSE:HRL) -0.6%, Pilgrim's Pride (NASDAQ:PPC) -6.6%.
    • Previously: McDonald's unveils menu sourcing initiatives (Mar. 04 2015)
    | Wed, Mar. 11, 10:00 AM | 4 Comments
  • Wed, Mar. 4, 10:11 AM
    • McDonald's (MCD -0.5%) will stop buying chickens raised with human antibiotics in a gradual process, according to a report from Reuters.
    • An announcement by the company is expected later today.
    • The development could be a "tipping point" in the poultry industry, notes industry insider Jonathan Kaplan.
    • Shares of chicken-focused Pilgrim's Pride (PPC -1.5%) are lower - while Tyson Foods (TSN -1%), Sanderson Farms (SAFM -0.6%), and Hormel (HRL -0.6%) could all be impacted by a heightened focus on the use of antibiotics with livestock.
    • Buffalo Wild Wings (BWLD -1.7%) is also on watch as a company that buys a fair amount of chicken from suppliers.
    | Wed, Mar. 4, 10:11 AM | 22 Comments
  • Tue, Feb. 24, 9:34 AM
    • Sanderson Farms (SAFM) reports operating margin rate rose 771 bps to 15.44%.
    • Average feed cost per pound of poultry products processed decreased 10.1% Y/Y.
    • Market prices for boneless breast meat were ~6.6% higher Y/Y.
    • SAFM -0.07% premarket.
    • FQ1 results
    | Tue, Feb. 24, 9:34 AM | 1 Comment
  • Thu, Jan. 15, 10:02 AM
    • Food stocks are trading higher after a read on producer prices comes in below expectations.
    • A dive into the report shows the foods/feeds category experienced a 0.8% decline in December.
    • Pilgrim's Pride (PPC +4.4%)is leading the sector, boosted by the announcement of a special dividend.
    • Gainers: Kraft Foods Group (NASDAQ:KRFT) +2.5%, Sanderson Farms (NASDAQ:SAFM) +2.3%, Amira Nature Foods (NYSE:ANFI) +2.0%, Pinnacle Foods (NYSE:PF) +1.0%, Cal-Maine Foods (NASDAQ:CALM) +1.0%.
    | Thu, Jan. 15, 10:02 AM | 6 Comments
  • Oct. 17, 2014, 8:33 AM
    • JPMorgan says the recent sell-off in chicken producers Tyson Foods (NYSE:TSN), Pilgrim's Pride (NASDAQ:PPC), and Sanderson Farms (NASDAQ:SAFM) has been overdone a bit.
    • The sector caught the attention of traders yesterday after Smithfield's CEO seemed cautious on supply issues.
    • Shares of PPC are up 3.8% in early trading, while TSN and SAFM have yet to open.
    | Oct. 17, 2014, 8:33 AM | Comment!
  • Oct. 9, 2014, 10:58 AM
    • Consumer staples stocks continue to persevere amid a broad market decline.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
    • Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
    | Oct. 9, 2014, 10:58 AM | 1 Comment
  • Oct. 3, 2014, 5:36 PM
    • Top gainers, as of 5:15 p.m.: EOX +6.7%. AEM +4.5%. GPT +4.1%. SC +3.7%. NFG +3.2%.
    • Top losers, as of 5:15 p.m.: PAG -5.7%. ZBRA -5.1%. SAFM -4.2%. SALT -3.2%. ADP -3.1%.
    | Oct. 3, 2014, 5:36 PM | 2 Comments
  • Oct. 3, 2014, 11:16 AM
    • More M&A murmurings and a decent mix of economic news is enough to give foods stocks a lift.
    • Sector leaders: Tyson Foods (TSN +1.8%), Pilgrim's Pride (PPC +5.1%), Sanderson Farms (SAFM +4.3%), Flower Foods (FLO +1.8%), Post Holdings (POST +2.1%) and Kellogg (K +1.1%).
    | Oct. 3, 2014, 11:16 AM | 2 Comments
  • Sep. 29, 2014, 5:36 PM
    | Sep. 29, 2014, 5:36 PM | Comment!
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Company Description
Sanderson Farms Inc is a poultry processing company. The Company along with its subsidiaries is engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.
Industry: Meat Products
Country: United States