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HRL

Hormel Foods

$41.67

-0.11 (-0.26%)

09:20
08/12/19
08/12
09:20
08/12/19
09:20

Hormel may underperform while navigating ASF overhang, says Stephens

Stephens analyst Ben Bienvenu said Hormel Foods is currently contending with volume erosion as price increases were taken to offset protein inflation that hasn't happened yet. Hormel risks losing more volume share if it doesn't walk back price increases, but if it does cut prices it may have a harder time raising them when inflation requires, said the analyst, who is interested to hear management's approach to navigating African Swine Flu on the company's earnings call. Bienvenu, who thinks the current operating environment will continue to lead to relative underperformance in Hormel shares, reiterated an Equal Weight rating and $37 price target on the stock ahead of the company's Q3 earnings report.

  • 22

    Aug

  • 01

    Oct

HRL Hormel Foods
$41.67

-0.11 (-0.26%)

05/23/19
SPHN
05/23/19
NO CHANGE
Target $37
SPHN
Equal Weight
African swine fever worries could pressure Hormel after earnings, says Stephens
Stephens analyst Ben Bienvenu noted that Hormel Foods reported Q2 results that were slightly ahead of expectations, but its FY19 EPS guidance was softer than consensus estimates. Comparing guidance to consensus, however, is complicated by the fact that some analysts were accounting for the sale of Cytosport in their estimates, while others did not, according to Bienvenu. While he keeps an Equal Weight rating on Hormel shares and is reviewing his estimate, the analyst said that management's mention of African swine fever uncertainty could pressure the shares today. In pre-market trading, Hormel shares are down $1.50, or 4%, to $37.99.
06/12/19
EDJN
06/12/19
DOWNGRADE
EDJN
Hold
Hormel Foods downgraded to Hold from Buy at Edward Jones
Edward Jones analyst John Boylan downgraded Hormel Foods to Hold from Buy.
06/13/19
FBCO
06/13/19
NO CHANGE
FBCO
Tyson plant-based launch not big threat to Beyond Meat, says Credit Suisse
Credit Suisse analyst Robert Moskow says this morning's launch of plant-based chicken nuggets and patties and hybrid beef-plant burgers and sausages supports his positive view on Tyson Foods (TSN). Perdue and Hormel Foods (HRL) have also signaled similar intentions to pursue hybrid meats, Moskow tells investors in a research note. The analyst, however, does not view Tyson's hybrid burgers as a major threat to Beyond Meat (BYND). Beyond's burger products are "more revolutionary and broader" in terms of potential consumer appeal, contends Moskow. Although competing hybrid burgers offer less saturated fat than the 100% plant-based products from Beyond and Impossible, "they simply don't taste as good in our experience," writes the analyst. Shares of Beyond Meat are down $1.04 to $140.93 in early trading while Tyson Foods is up $1.92 to $83.82.
06/26/19
MZHO
06/26/19
NO CHANGE
MZHO
DOJ intervening in poultry case not entirely surprising, says Mizuho
Mizuho analyst Jeremy Scott said it isn't entirely surprising to see the DOJ intervene in the Maplevale civil case against chicken producers given the DOJ's interest in the case previously became apparent in Tyson's (TSN) 10-Q filling in May. Scott said the investigation launch does not necessarily suggest that there is new corroborating evidence, though it does raise the stakes for company legal teams and builds on an already distracting and costly process in the courts that will likely take two years or more to reach a conclusion. Other protein stocks include Hormel (HRL), Pilgrim's Pride (PPC) and Sanderson Farms (SAFM).

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
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MHK

Mohawk

$112.98

-1.05 (-0.92%)

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SNV

Synovus

$35.18

-0.78 (-2.17%)

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BXS

BancorpSouth

$27.49

-0.415 (-1.49%)

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UCBI

United Community Banks

$26.63

-0.36 (-1.33%)

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RNST

Renasant

$33.20

-0.375 (-1.12%)

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FCCO

First Community

$18.31

(0.00%)

20:57
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Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

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LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

20:25
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Notable companies reporting before tomorrow's open »

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Lowe's

$98.04

3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

-0.8 (-0.72%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

19:02
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Periodicals
YouTube intends to end targeted ads on videos aimed at children, Bloomberg says »

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

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HMNY

Helios and Matheson

$0.00

(0.00%)

18:59
08/20/19
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18:59
Periodicals
MoviePass exposed card data of thousands of customers, TechCrunch says »

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

18:49
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PolyMet Mining reports court declined to hear petition for environmental review »

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
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Hot Stocks
American Airlines to pay $22.1M to settle DOJ false claims act allegations »

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

18:17
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Hot Stocks
Fly Intel: After Hours Movers »

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

URBN

Urban Outfitters

$20.93

0.07 (0.34%)

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

-0.115 (-0.81%)

NDSN

Nordson

$135.43

-1.79 (-1.30%)

CREE

Cree

$58.19

-0.09 (-0.15%)

SCSC

Scansource

$31.23

-0.56 (-1.76%)

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

TSLA

Tesla

$225.70

-1.05 (-0.46%)

WMT

Walmart

$112.12

-1.64 (-1.44%)

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

18:06
08/20/19
08/20
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18:06
Hot Stocks
SemiLEDs receives offer from Chinese investor to acquire 680K shares »

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CE

Celanese

$111.76

-0.72 (-0.64%)

18:01
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18:01
Hot Stocks
Celanese announces ethyl acetate price increase in Europe »

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WMT

Walmart

$112.12

-1.64 (-1.44%)

17:50
08/20/19
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17:50
Hot Stocks
Walmart's Furner sells nearly 8,000 common shares »

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

, SPX

S&P 500

$0.00

(0.00%)

17:49
08/20/19
08/20
17:49
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17:49
Periodicals
Bond manager Gundlach says Fed 'has lost control,' Reuters reports »

According to often quoted…

SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$186.99

-1.3 (-0.69%)

DIA

Diamonds Fund ETF

$259.61

-1.71 (-0.65%)

SMH

Market Vectors Semiconductor

$113.43

-0.64 (-0.56%)

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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

17:45
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17:45
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17:45
Earnings
Urban Outfitters CEO says Q2 was 'difficult quarter' for the company »

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17:45
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General news
Breaking General news story  »

Federal Reserve Board of…

BA

Boeing

$331.94

-1.82 (-0.55%)

17:41
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08/20
17:41
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17:41
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Boeing awarded $154.89M Army contract modification to procure Apache helicopters »

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  • 03

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CGC

Canopy Growth

$27.21

0.48 (1.80%)

17:35
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17:35
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GTEC provides update on acquisition of Canopy Growth cultivation facility »

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WTRH

Waitr Holdings

$1.39

-0.045 (-3.15%)

17:34
08/20/19
08/20
17:34
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17:34
Hot Stocks
Waitr Holdings jumps almost 9% after director Tilman Fertitta buys 1M shares »

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