Pilgrims Pride 株価情報 (NASDAQ: PPC)

最新ニュース Pilgrims Pride (NASDAQ:PPC) 株価情報

Pilgrims Pride

Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

Pilgrim's Pride Corporation - Common Stock

Pilgrims Pride Corp

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Shares of companies within the broader consumer staples sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $45 to $49.

News

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $49

BMO Capital analyst Andrew Strelzik maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Market Perform and raises the price target from $42 to $43.

BMO Capital Maintains Market Perform on Pilgrims Pride, Raises Price Target to $43

Pilgrim's Pride shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.38 by 18.12 percent. The company reported quarterly sales of $4.58 billion which missed the analyst consensus estimate of $4.66 billion by 1.63 percent. This is a 5.16 percent increase over sales of $4.36 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Pilgrims Pride Q3 2024 Adj EPS $1.63 Beats $1.38 Estimate, Sales $4.58B Miss $4.66B Estimate

Whales with a lot of money to spend have taken a noticeably bullish stance on Pilgrims Pride.
Looking at options history for Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $92,736 and 9, calls, for a total amount of $790,404.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.0 to $45.0 for Pilgrims Pride over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Pilgrims Pride's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pilgrims Pride's whale activity within a strike price range from $42.0 to $45.0 in the last 30 days. 
<h3>Pilgrims Pride Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727975299_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.1</td>
<td>$2.95</td>
<td>$3.05</td>
<td>$45.00</td>
<td>$152.1K</td>
<td style="text-align: right;">645</td>
<td>1.0K</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.8</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$44.00</td>
<td>$118.4K</td>
<td style="text-align: right;">299</td>
<td>1.5K</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$44.00</td>
<td>$109.4K</td>
<td style="text-align: right;">299</td>
<td>0</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.5</td>
<td>$3.1</td>
<td>$3.4</td>
<td>$44.00</td>
<td>$98.9K</td>
<td style="text-align: right;">299</td>
<td>1.0K</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$45.00</td>
<td>$77.1K</td>
<td style="text-align: right;">645</td>
<td>512</td>
</tr>
</tbody>
</table>

<h3>About Pilgrims Pride</h3>
Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.
<h3>Where Is Pilgrims Pride Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,163,966, the PPC's price is down by 0.0%, now at $47.86. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 20 days.</li>
</ul>
<h3>What Analysts Are Saying About Pilgrims Pride</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $44.0.
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&#x2A; Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Equal-Weight with a new price target of $43. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Pilgrims Pride, targeting a price of $45. 
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Options

Markets

Pilgrims Pride Options Trading: A Deep Dive into Market Sentiment

Stephens &amp; Co. analyst Pooran Sharma reinstates Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and announces $43 price target.

Initiation

Stephens & Co. Reinstates Equal-Weight on Pilgrims Pride, Announces $43 Price Target

Post Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/post#NYSE">POST</a>) is propelled by strategic initiatives amid a volatile consumer landscape marked by inflation, evolving preferences, and heightened competition in the staples sector. The company&#39;s established brand presence enables it to maintain a stable market position in the sector known for steady demand, as consumer staples are essential in daily life.
A major factor behind this success was the Post Consumer Brands segment, which experienced a 15.7% year-over-year increase in net sales, largely driven by $428.9 million from acquisitions.
Over the past three months, POST&#39;s stock has gained 12%, outpacing the industry&#39;s growth of 7.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5a/77012.jpg?v=1344778609" />
Image Source: Zacks Investment Research
<h2>Factors Driving Post Holdings&#39; Momentum</h2>
Post Holdings has been capitalizing on strategic pricing actions to offset inflationary pressures, a trend that persisted in the third quarter of fiscal 2024. The company&#39;s top and bottom lines experienced growth, driven by higher average net selling prices, particularly in the Post Consumer Brands segment. This pricing strategy has played a critical role in bolstering the company&#39;s performance and is likely to remain a key driver of growth in the coming quarters.
Moving on to the Weetabix segment, it recorded notable growth of 1.4% in net sales, supported by the Deeside acquisition and a modest foreign currency tailwind of 80 basis points from a stronger British pound. This growth reflects the positive impact of strategic acquisitions and favorable currency movements.
Strategic acquisitions have been crucial for Post Holdings in broadening its market reach and solidifying its market position. In December 2023, Post Holdings acquired Perfection Pet, integrating it into its Post Consumer Brands segment. Additionally, on April 28, 2023, Post Holdings acquired a select pet food brand from The J.M. Smucker Co. This acquisition provides Post Holdings with a strategic entry into the burgeoning and lucrative pet food market, enhancing its presence in this growing category.
The third quarter of 2024 was marked by strong sales of branded and big cereal products, notable outperformance in the pet category against our underwriting case, and a substantial improvement in the value-added egg mix. It is envisioned that these favorable trends will continue throughout fiscal 2025.
<h2>POST Faces Some Concerns in the Near Term</h2>
Post Holdings has experienced a rise in SG&amp;A costs over recent quarters. In the third quarter of fiscal 2024, SG&amp;A expenses grew by 7.8%. This increase was due to ongoing targeted marketing investments in retail businesses. This increase was significantly influenced by the inclusion of Pet Food in the company&#39;s portfolio.
The Refrigerated Retail segment of Post Holdings reported a 7.1% decrease in net sales in the third quarter of fiscal 2024. Volumes decreased by 0.5%, and average net prices dropped due to increased trade promotions and a portfolio shift towards dinner sides. Adjusted EBITDA decreased by 37%, impacted by lower net pricing and higher selling costs.
While Post Holdings has demonstrated strong performance in certain areas, such as strategic pricing and acquisitions, challenges persist in segments like Refrigerated Retail. Maintaining positions in the stock appears prudent as it allows investors to stay engaged with the company while monitoring its ability to address current challenges and capitalize on growth opportunities.
Post Holdings currently carries a Zacks Rank #3 (Hold).
<h2>3 Staple Stocks to Consider</h2>
Here, we have highlighted three better-ranked food stocks, namely, The Chef&#39;s Warehouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), Pilgrim&#39;s Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and Ollie&#39;s Bargain Outlet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olli#NASDAQ">OLLI</a>).
The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy).
CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimated figure for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.
Pilgrim&#39;s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1. PPC delivered a positive earnings surprise of 27.3% in the trailing four quarters, on average.
The Zacks Consensus Estimated figure for Pilgrim&#39;s Pride&#39;s current financial-year earnings indicates growth of 183.43%, respectively, from the prior-year reported level.
Ollie&#39;s Bargain, the extreme-value retailer of brand-name merchandise, currently carries a Zacks Rank #2 (Buy). OLLI has a trailing four-quarter earnings surprise of 7.9%, on average.
The Zacks Consensus Estimated figure for Ollie&#39;s Bargain&#39;s current financial-year sales and earnings indicates a rise of around 8.7% and 12.71%, respectively, from the year-earlier levels.
<a href="https://www.zacks.com/stock/news/2333524/post-holdings-drives-growth-with-strategic-moves-and-strong-brands?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333524">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Retail Sales

Small Cap

Trading Ideas

CHEF

OLLI

POST

Post Holdings Drives Growth With Strategic Moves and Strong Brands

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $43 to $45.

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $45

Argus Research analyst John Staszak maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Buy and raises the price target from $50 to $55.

Argus Research Maintains Buy on Pilgrims Pride, Raises Price Target to $55

Ollie&#39;s Bargain Outlet Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olli#NASDAQ">OLLI</a>) has taken a significant step forward in its nationwide expansion with the grand opening of its fourth distribution center in Princeton, IL. The new 615,000-square-foot distribution hub is not just a milestone in Ollie&#39;s growth strategy, but a crucial hub that will drive the company&#39;s expansion in the Midwest and support its push westward.
Strategically designed to improve efficiency, the Princeton distribution center will initially serve around 60 stores across nine states. As Ollie&#39;s continues to grow, this center&#39;s reach will extend, ultimately supporting more than 150 stores. The distribution facility, built with an investment of more than $75 million, will not only streamline operations but also bring substantial economic benefits to the local community.
This new distribution center is anticipated to create more than 200 full-time jobs, greatly benefiting the local economy.
As Ollie&#39;s currently operates 525 stores across 31 states with a dedicated team of over 12,000 employees, the company has set its sights on an ambitious goal to open more than 1,300 stores nationwide. The new Princeton distribution center will play a pivotal role in achieving this expansion, serving as a cornerstone of Ollie&#39;s future growth and continued success. This investment in the Illinois distribution center highlights the company&#39;s dedication to providing outstanding value to its customers and fostering economic growth in the areas served.
<h2>What&#39;s More for OLLI?</h2>
Ollie&#39;s has achieved a notable 10.4% CAGR in its store network, growing from 345 stores in fiscal 2019 to 512 in fiscal 2023. The company opened 45 and 40 stores in the past two fiscal years, respectively, and aims to open 50 new stores in fiscal 2024. Its real estate strategy emphasizes flexibility, targeting second-generation sites of 25,000-35,000 square feet with an average initial investment of $1 million.
Furthermore, Ollie&#39;s success story revolves around the business model of &lsquo;buying cheap and selling cheap,&#39; along with its cost-containment strategies, focus on store productivity and the expansion of its customer reward program, Ollie&#39;s Army. The customer loyalty program, Ollie&#39;s Army, significantly enhances Ollie&#39;s competitive edge by increasing customer retention and enticing new shoppers.
This Zacks Rank #2 (Buy) company&#39;s shares have increased 32% in the past three months compared with the industry&#39;s growth of 6%.
<h2><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fd/75091.jpg?v=661246925" /></h2>
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Here, we have highlighted three other top-ranked food stocks, namely, The Chef&#39;s Warehouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), Pilgrim&#39;s Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>).
The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.
The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.
Pilgrim&#39;s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1. PPC delivered a positive earnings surprise of 27.3% in the trailing four quarters, on average.
The Zacks Consensus Estimate for Pilgrim&#39;s Pride&#39;s current financial-year earnings indicates growth of 183.43%, respectively, from the prior-year reported level.
Vital Farms offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2. VITL has a trailing four-quarter average earnings surprise of 82.5%.
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicates growth of 26.3% and 88.1%, respectively, from the prior-year reported level.
<a href="https://www.zacks.com/stock/news/2325852/ollie-s-olli-expands-supply-with-new-distribution-hub?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325852">To read this article on Zacks.com click here.</a>

VITL

Ollie's Expands Supply With New Distribution Hub

Retail sales in the United States inched up 1% sequentially in July 2024, following a downwardly revised 0.2% drop in June and way better than forecasts of a 0.3% gain. It is the biggest increase since January 2023, with sales at motor vehicle and part dealers rising the most (3.6%), followed by sales at electronics and appliance stores (1.6%).
Barring sales of food services, auto dealers, building materials stores and gasoline stations, sales rose 0.3%, compared to 0.9% in June and forecasts of 0.1%. Below we highlight a few areas and the related ETFs &amp; stocks that may benefit handsomely from the retail sales.
<h3>Winning Areas</h3>
Electronics &amp; Appliance Stores
Sales gained 1.6% sequentially in July and 5.2% year over year. Rise in electronics sales should boost semiconductor funds and stocks.
VanEck Vectors Semiconductor ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smh#NASDAQ">SMH</a>) &ndash; The underlying MVIS US Listed Semiconductor 25 Index tracks the overall performance of companies involved in semiconductor production and equipment. The fund charges 35 bps in fees.
Best Buy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bby#NYSE">BBY</a>) &ndash; As far as stocks are concerned, investors can take a look at BBY. It is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, security, appliances and related services. The fund has a Zacks Rank #2 (Buy).
Healthcare &amp; Personal Care Stores
Sales gained 0.8% sequentially in July and 3.4% year over year.
Consumer Staples Select Sector SPDR ETF (ARCA:XLP) &ndash; The underlying Consumer Staples Select Sector Index seeks to provide an effective representation of the consumer staples sector of the S&amp;P 500 Index. The fund charges 9 bps in fees.
KimberlyClark (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmb#NYSE">KMB</a>) &ndash; Kimberly-Clark Corporation is principally engaged in the manufacture and marketing of a wide range of consumer products around the world. The company sells its products to supermarkets; mass merchandisers; drugstores; warehouse clubs; variety and department stores; retail outlets; manufacturing, lodging, office building, food service, and health care establishments; and high-volume public facilities. The fund has a Zacks Rank #3.
Food &amp; Beverage Stores
Sales gained 0.9% sequentially in July and 2.9% year over year.
Fidelity MSCI Consumer Staples Index ETF (ARCA:FSTA) &ndash; The underlying MSCI USA IMI Consumer Staples Index represents the performance of the consumer staples sector in the U.S. equity market. The fund charges 8 bps in fees.
Pilgrim&#39;s Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) &ndash; Pilgrim&#39;s Pride Corporation is focusing on strengthening its Prepared Foods category. The category grew in the United States during the fourth quarter of 2019 on continued investments in R&amp;D and sales as well as marketing of new product innovations. Also, the company has been increasing its product mix for organic category, including No-Antibiotics-Ever products, to cater customers&#39; evolving tastes. The fund has a Zacks Rank #1 (Strong Buy).
<a href="https://www.zacks.com/stock/news/2322839/retail-sales-gains-in-july-etfs-stocks-to-play?cid=CS-BENZ-FT-etf_news_and_commentary-2322839">To read this article on Zacks.com click here.</a>

Health Care

ETFs

General

FSTA

Retail Sales Gains in July: ETFs & Stocks to Play

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5bbbbc39211e200001970cde/michael-turrin">Wells Fargo analyst Michael Turrin</a> downgraded the rating for Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Overweight to Equal-Weight and lowered the price target from $200 to $130. Snowflake shares gained 0.2% to close at $127.30 on Wednesday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Eric Joseph downgraded the rating for bluebird bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) from Overweight to Neutral. bluebird bio shares fell 23.1% to close at $0.8149 on Wednesday. <a href="https://www.benzinga.com/quote/BLUE/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7353ee5f2b9b00011506f5/peter-galbo">B of A Securities analyst Peter Galbo</a> downgraded Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Buy to Neutral and maintained the price target of $47. Pilgrims Pride shares gained 3.3% to close at $45.69 on Wednesday. <a href="https://www.benzinga.com/quote/PPC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James analyst Adam Tindle downgraded the rating for ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) from Outperform to Market Perform. ScanSource shares fell 0.6% to settle at $48.02 on Wednesday. <a href="https://www.benzinga.com/quote/SCSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e74c9b45f2b9b0001153cf7/anja-soderstrom">Sidoti &amp; Co. analyst Anja Soderstrom</a> downgraded Kimball Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) from Buy to Neutral and announced a price target of $19. Kimball Electronics shares fell 10.6% to close at $18.28 on Wednesday. <a href="https://www.benzinga.com/quote/KE/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
</ul>
Considering buying SNOW stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png" alt="" class="wp-image-496699" style="width:513px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116.png 1236w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Downgrades

Pre-Market Outlook

BLUE

SCSC

SNOW

This Snowflake Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

B of A Securities analyst Peter Galbo downgrades Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Buy to Neutral and maintains the price target from $47 to $47.

B of A Securities Downgrades Pilgrims Pride to Neutral, Maintains Price Target to $47

Analysts' ratings for Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.0, a high estimate of $50.00, and a low estimate of $40.00. This current average has increased by 6.46% from the previous average price target of $41.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1723464055_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Pilgrims Pride. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$40.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Peter Galbo</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$41.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Pilgrims Pride. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Pilgrims Pride compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Pilgrims Pride's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Pilgrims Pride's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Pilgrims Pride analyst ratings.</a>
<h2>Get to Know Pilgrims Pride Better</h2>
Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.
<h3>Pilgrims Pride: Delving into Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Pilgrims Pride's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.83%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Pilgrims Pride's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.16% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.05%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.29%, the company showcases effective utilization of assets.
Debt Management: Pilgrims Pride's debt-to-equity ratio is below the industry average. With a ratio of 0.93, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 7 Analyst Evaluations For Pilgrims Pride

BMO Capital analyst Andrew Strelzik downgrades Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Outperform to Market Perform and maintains the price target from $46 to $46.

BMO Capital Downgrades Pilgrims Pride to Market Perform, Maintains Price Target to $46

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock&#39;s price, but are they really important?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Pilgrim&#39;s Pride (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NYSE">PPC</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Pilgrim&#39;s Pride currently has an average brokerage recommendation of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five brokerage firms. An ABR of 1.80 approximates between Strong Buy and Buy.
Of the five recommendations that derive the current ABR, three are Strong Buy, representing 60% of all recommendations.
<h2>Brokerage Recommendation Trends for PPC</h2>
<img alt="Broker Rating Breakdown Chart for PPC" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/PPC_08062024.png" style="width:100%" title="" /> 
The ABR suggests buying Pilgrim&#39;s Pride, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock&#39;s near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
<h2>Zacks Rank Should Not Be Confused With ABR</h2>
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
<h2>Is PPC a Good Investment?</h2>
In terms of earnings estimate revisions for Pilgrim&#39;s Pride, the Zacks Consensus Estimate for the current year has increased 12.7% over the past month to $4.79.
Analysts&#39; growing optimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Pilgrim&#39;s Pride.
Therefore, the Buy-equivalent ABR for Pilgrim&#39;s Pride may serve as a useful guide for investors.
<a href="https://www.zacks.com/stock/news/2316933/should-you-invest-in-pilgrim-s-pride-ppc-based-on-bullish-wall-street-views?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2316933">To read this article on Zacks.com click here.</a>

Should You Invest in Pilgrim's Pride Based on Bullish Wall Street Views?

BMO Capital analyst Andrew Strelzik maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Outperform and raises the price target from $43 to $46.

BMO Capital Maintains Outperform on Pilgrims Pride, Raises Price Target to $46

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $40 to $43.

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $43

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported quarterly earnings of $1.67 per share which beat the analyst consensus estimate of $1.30 by 28.46 percent. The company reported quarterly sales of $4.600 billion which missed the analyst consensus estimate of $4.622 billion by 0.48 percent. This is a 6.78 percent increase over sales of $4.308 billion the same period last year.

Pilgrims Pride Q2 2024 Adj. EPS $1.67 Beats $1.30 Estimate, Sales $4.600B Miss $4.622B Estimate

Here are the major earnings after the close today

Reports Q3 revenue $4.6B, consensus $4.66B. "Throughout the quarter, we continued to emphasize operational excellence, diversify our portfolio and ...

Pilgrim's Pride reports Q3 adjusted EPS $1.63, consensus $1.38

Pilgrim's Pride Corporation (PPC) Q3 2024 Earnings Call Transcript

Barclays analyst Benjamin Theurer raised the firm's price target on Pilgrim's Pride (PPC) to $49 from $45 and keeps an Equal Weight rating on the s...

Pilgrim's Pride price target raised to $49 from $45 at Barclays

BMO Capital analyst Andrew Strelzik has maintained their neutral stance on PPC stock, giving a Hold rating today. Andrew Strelzik has given his Hol...

Limited Upside Potential for Pilgrim's Pride Amid Strong Earnings and Market Concerns: Analyst Recommends Hold

Bank of America Securities analyst Peter Galbo maintained a Hold rating on Pilgrim's Pride (PPC – Research Report) today. The company's shares open...

Bank of America Securities Sticks to Its Hold Rating for Pilgrim's Pride (PPC)

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Press Releases

Pilgrim's Pride Reports Fourth Quarter and Year-End 2023 Results

Pilgrim's Pride Corporation to Host First Quarter Earnings Call on May 2, 2024

Pilgrim's Pride Reports First Quarter 2024 Results with $4.4 Billion in Net Sales and Operating Income of $250.3 Million

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Electric Metals (USA) Announces Results of Annual Shareholder Meeting

Pilgrim's Pride Corporation to Host Second Quarter Earnings Call on August 1, 2024

Pilgrim's Pride Reports Second Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $440.8 Million

Pilgrim's Pride Corporation to Host Third Quarter Earnings Call on October 31, 2024

Pilgrim's Releases 2023 Sustainability Report

Pilgrim's Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million

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