Shares of Brf S.A. (NYSE:BRFS – Get Free Report) traded down 2% during mid-day trading on Wednesday . The stock traded as low as $3.48 and last traded at $3.49. 172,869 shares changed hands during trading, a decline of 95% from the average session volume of 3,378,634 shares. The stock had previously closed at $3.56.
Wall Street Analysts Forecast Growth
BRFS has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded BRF from a “neutral” rating to an “overweight” rating in a research note on Monday, April 15th. Barclays lifted their price objective on BRF from $4.00 to $4.50 and gave the stock an “overweight” rating in a report on Friday, May 17th. StockNews.com raised shares of BRF from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “neutral” rating and increased their target price for the stock from $1.90 to $3.10 in a research report on Monday, April 15th.
BRF Stock Performance
The company has a 50-day moving average price of $3.49 and a two-hundred day moving average price of $3.12. The company has a market capitalization of $3.78 billion, a PE ratio of 69.60, a PEG ratio of 0.33 and a beta of 1.89. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 1.10.
BRF (NYSE:BRFS – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. BRF had a net margin of 0.81% and a return on equity of 2.93%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts predict that Brf S.A. will post 0.29 EPS for the current fiscal year.
Institutional Investors Weigh In On BRF
Institutional investors and hedge funds have recently made changes to their positions in the business. Intelligence Driven Advisers LLC purchased a new position in BRF in the 4th quarter worth approximately $30,000. Bayesian Capital Management LP bought a new stake in BRF during the first quarter worth about $48,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of BRF in the 4th quarter worth about $41,000. Headlands Technologies LLC purchased a new position in shares of BRF in the 1st quarter worth about $60,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BRF during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.
About BRF
BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.