Published On: Thu, Sep 15th, 2016

AdvancePierre Foods Holdings Inc (APFH) Stock Price Down 2.7%

AdvancePierre Foods Holdings Inc (NASDAQ:APFH) fell 2.7% during mid-day trading on Thursday . The company traded as low as $24.69 and last traded at $24.85, with a volume of 149,319 shares traded. The stock had previously closed at $25.54.
A number of brokerages recently issued reports on APFH. BMO Capital Markets began coverage on shares of AdvancePierre Foods Holdings in a report on Tuesday, August 9th. They issued an “outperform” rating and a $29.00 price objective for the company. Deutsche Bank AG assumed coverage on shares of AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set a “buy” rating and a $28.00 target price for the company. Barclays PLC assumed coverage on shares of AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set an “equal weight” rating and a $27.00 target price for the company. Wells Fargo & Co. assumed coverage on shares of AdvancePierre Foods Holdings in a research report on Monday, August 15th. They set an “outperform” rating for the company. Finally, Credit Suisse Group AG assumed coverage on shares of AdvancePierre Foods Holdings in a research report on Tuesday, August 9th. They set an “outperform” rating and a $29.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.00.
The firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 15.57. The firm’s 50-day moving average price is $25.13 and its 200-day moving average price is $24.87.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/15/advancepierre-foods-holdings-inc-apfh-stock-price-down-2-7.html

AdvancePierre Foods Holdings (NASDAQ:APFH) last posted its earnings results on Wednesday, August 10th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.16. The business had revenue of $370 million for the quarter, compared to the consensus estimate of $391.90 million. AdvancePierre Foods Holdings’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts forecast that AdvancePierre Foods Holdings Inc will post $1.60 EPS for the current year.
The company also recently disclosed a special dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Monday, August 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, August 25th.
In other news, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $21.00, for a total value of $181,233,990.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
AdvancePierre Foods Holdings Company Profile
AdvancePierre Foods Holdings, Inc, formerly Pierre Foods Holding Corporation, is a producer and distributor of sandwiches, sandwich components, and other entrees and snacks. The Company operates through segments, including Foodservice, which sells its products to national and regional distributors; Retail, which supplies its products to national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores; Convenience, which sells its products to national and regional convenience chains and vending providers, and Industrial, which includes sales to other food producers under short-term co-manufacturing agreements.

Receive News & Ratings for AdvancePierre Foods Holdings Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AdvancePierre Foods Holdings Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>