Stock Traders Buy High Volume of BRF Call Options (NYSE:BRFS)

Brf S.A. (NYSE:BRFS) was the target of some unusual options trading activity on Monday. Stock investors bought 2,132 call options on the stock. This is an increase of approximately 643% compared to the average daily volume of 287 call options.

Institutional Investors Weigh In On BRF

Large investors have recently bought and sold shares of the stock. Bayesian Capital Management LP acquired a new stake in BRF in the first quarter worth $48,000. Atomi Financial Group Inc. acquired a new position in shares of BRF during the second quarter valued at about $48,000. Blue Trust Inc. acquired a new position in shares of BRF during the second quarter valued at about $51,000. SPX Gestao de Recursos Ltda acquired a new position in shares of BRF during the second quarter valued at about $58,000. Finally, Headlands Technologies LLC acquired a new position in shares of BRF during the first quarter valued at about $60,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

BRF Trading Up 0.4 %

NYSE BRFS traded up $0.02 during mid-day trading on Wednesday, reaching $4.47. 2,398,113 shares of the stock were exchanged, compared to its average volume of 2,936,116. BRF has a one year low of $1.95 and a one year high of $4.76. The stock has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $3.99. The stock has a market cap of $4.84 billion, a P/E ratio of 16.56, a P/E/G ratio of 0.25 and a beta of 1.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99.

BRF (NYSE:BRFS) last announced its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.55 billion. BRF had a net margin of 3.61% and a return on equity of 11.51%. During the same quarter last year, the firm earned ($0.10) earnings per share. On average, analysts anticipate that BRF will post 0.47 EPS for the current year.

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.