BRF (NYSE:BRFS – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
BRFS has been the topic of a number of other research reports. JPMorgan Chase & Co. initiated coverage on shares of BRF in a report on Friday, August 4th. They set an “overweight” rating on the stock. The Goldman Sachs Group cut shares of BRF from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 30th. Bank of America upgraded shares of BRF from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 31st. Finally, Barclays upped their price target on shares of BRF from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, BRF presently has a consensus rating of “Hold” and a consensus price target of $2.20.
BRF Stock Performance
Shares of BRFS stock opened at $2.02 on Wednesday. BRF has a 12 month low of $1.05 and a 12 month high of $3.36. The stock has a market cap of $2.19 billion, a PE ratio of 101.00 and a beta of 1.66. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 1.94. The company’s fifty day moving average price is $1.96 and its 200-day moving average price is $1.61.
Hedge Funds Weigh In On BRF
A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in shares of BRF by 223.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock worth $27,000 after purchasing an additional 9,835 shares during the period. WINTON GROUP Ltd bought a new position in BRF in the second quarter worth approximately $117,000. Cloverfields Capital Group LP boosted its stake in shares of BRF by 249.1% during the 2nd quarter. Cloverfields Capital Group LP now owns 560,408 shares of the company’s stock worth $1,065,000 after acquiring an additional 399,865 shares during the last quarter. Genus Capital Management Inc. bought a new stake in shares of BRF during the 2nd quarter valued at $42,000. Finally, BlackRock Inc. increased its stake in shares of BRF by 4.9% in the 2nd quarter. BlackRock Inc. now owns 4,416,627 shares of the company’s stock worth $8,392,000 after purchasing an additional 204,662 shares in the last quarter. Hedge funds and other institutional investors own 8.01% of the company’s stock.
BRF Company Profile
BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company’s product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.