BRF (NYSE:BRFS) Shares Gap Down to $4.43

Brf S.A. (NYSE:BRFS) gapped down prior to trading on Tuesday . The stock had previously closed at $4.43, but opened at $4.34. BRF shares last traded at $4.36, with a volume of 219,524 shares.

Analyst Ratings Changes

BRFS has been the subject of a number of research analyst reports. Bank of America increased their price target on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Barclays raised their target price on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Trading Down 0.9 %

The firm has a fifty day moving average of $4.17 and a two-hundred day moving average of $3.70. The company has a market cap of $4.75 billion, a PE ratio of 88.00, a price-to-earnings-growth ratio of 0.28 and a beta of 1.94. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.55 billion. BRF had a net margin of 3.61% and a return on equity of 11.51%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, sell-side analysts predict that Brf S.A. will post 0.43 EPS for the current year.

Institutional Trading of BRF

A number of institutional investors have recently added to or reduced their stakes in the stock. SPX Gestao de Recursos Ltda bought a new stake in BRF during the second quarter valued at $58,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of BRF by 8.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 386,300 shares of the company’s stock worth $1,572,000 after purchasing an additional 30,300 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of BRF in the second quarter worth approximately $927,000. Marshall Wace LLP raised its stake in BRF by 534.6% in the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after purchasing an additional 3,894,533 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in BRF during the second quarter valued at approximately $190,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

BRF Company Profile

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.