Intelligence Driven Advisers LLC Takes Position in Brf S.A. (NYSE:BRFS)

Intelligence Driven Advisers LLC bought a new stake in Brf S.A. (NYSE:BRFS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,625 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in BRF by 29.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,182 shares of the company’s stock worth $136,000 after buying an additional 15,018 shares in the last quarter. Greytown Advisors Inc. purchased a new position in BRF during the third quarter worth approximately $75,000. Banco Santander S.A. lifted its position in BRF by 16.6% during the third quarter. Banco Santander S.A. now owns 360,994 shares of the company’s stock worth $740,000 after buying an additional 51,454 shares in the last quarter. UBS Group AG lifted its position in BRF by 62.7% during the third quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock worth $28,500,000 after buying an additional 5,357,987 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in BRF during the fourth quarter worth approximately $102,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

BRF Stock Down 0.6 %

Shares of NYSE:BRFS traded down $0.02 on Thursday, hitting $3.31. 2,466,885 shares of the company’s stock were exchanged, compared to its average volume of 3,453,022. The firm’s 50-day moving average is $3.25 and its 200 day moving average is $2.87. The company has a market capitalization of $3.58 billion, a PE ratio of -17.53 and a beta of 1.86. Brf S.A. has a 1-year low of $1.25 and a 1-year high of $3.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34.

BRF (NYSE:BRFS) last posted its earnings results on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The business had revenue of $1.69 billion during the quarter. Sell-side analysts predict that Brf S.A. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BRFS. StockNews.com upgraded BRF from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. The Goldman Sachs Group upgraded BRF from a “sell” rating to a “neutral” rating and lifted their target price for the company from $1.90 to $3.10 in a research report on Monday, April 15th. Barclays upgraded BRF from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $2.50 to $4.00 in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. upgraded BRF from a “neutral” rating to an “overweight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.55.

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.