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.
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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.
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