AdvancePierre Foods Holdings Inc (NASDAQ:APFH) insider James L. Clough sold 12,020 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $30.51, for a total transaction of $366,730.20. Following the sale, the insider now directly owns 511,046 shares in the company, valued at approximately $15,592,013.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AdvancePierre Foods Holdings Inc (NASDAQ:APFH) traded down 1.53% on Friday, hitting $34.82. 1,100,598 shares of the stock were exchanged. The firm has a market cap of $2.72 billion and a PE ratio of 18.37. AdvancePierre Foods Holdings Inc has a 52-week low of $22.99 and a 52-week high of $36.69. The stock’s 50 day moving average price is $30.79 and its 200 day moving average price is $28.48.
AdvancePierre Foods Holdings (NASDAQ:APFH) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $409.40 million for the quarter, compared to analyst estimates of $409.99 million. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that AdvancePierre Foods Holdings Inc will post $1.35 earnings per share for the current year.
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A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price target on shares of AdvancePierre Foods Holdings in a research note on Wednesday, April 12th. Barclays PLC reaffirmed a “hold” rating and set a $33.00 price target on shares of AdvancePierre Foods Holdings in a research note on Tuesday, March 14th. Finally, Zacks Investment Research downgraded shares of AdvancePierre Foods Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. AdvancePierre Foods Holdings has an average rating of “Buy” and an average price target of $30.00.
A number of hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of AdvancePierre Foods Holdings during the fourth quarter worth about $276,000. Tower Research Capital LLC TRC acquired a new stake in shares of AdvancePierre Foods Holdings during the third quarter worth about $372,000. Symons Capital Management Inc. acquired a new stake in shares of AdvancePierre Foods Holdings during the fourth quarter worth about $461,000. Metropolitan Life Insurance Co. NY purchased a new position in AdvancePierre Foods Holdings during the fourth quarter worth approximately $466,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in AdvancePierre Foods Holdings during the third quarter worth approximately $545,000.
About AdvancePierre Foods Holdings
AdvancePierre Foods Holdings, Inc is a producer and distributor of ready-to-eat sandwiches, sandwich components and other entrees and snacks. The Company operates through four segments. The Foodservice segment’s portfolio of products includes breakfast sandwiches, peanut butter and jelly sandwiches, Philly steaks, fully cooked hamburger-patties, country-fried steak, stuffed entrees and chicken tenders.
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