BRF (NYSE:BRFS) Shares Gap Down – Here’s What Happened

Brf S.A. (NYSE:BRFS) gapped down prior to trading on Monday . The stock had previously closed at $4.31, but opened at $4.16. BRF shares last traded at $4.15, with a volume of 238,158 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BRFS shares. Bank of America lifted their price target on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Barclays raised their price target on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Stock Performance

The stock has a 50-day moving average of $4.36 and a 200-day moving average of $4.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93.

BRF Increases Dividend

The business also recently declared a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.1001 per share. This is a positive change from BRF’s previous — dividend of $0.03. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 1.8%. BRF’s payout ratio is 38.37%.

Institutional Investors Weigh In On BRF

A number of institutional investors and hedge funds have recently modified their holdings of BRFS. TD Private Client Wealth LLC acquired a new stake in BRF during the third quarter worth approximately $27,000. Bayesian Capital Management LP acquired a new stake in shares of BRF during the first quarter worth $48,000. Atomi Financial Group Inc. bought a new stake in shares of BRF in the second quarter valued at about $48,000. Blue Trust Inc. acquired a new position in shares of BRF in the second quarter valued at about $51,000. Finally, SPX Gestao de Recursos Ltda bought a new position in BRF during the second quarter worth about $58,000. 4.76% of the stock is owned by institutional investors.

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.