BRF (NYSE:BRFS) Shares Gap Down – Time to Sell?

Brf S.A. (NYSE:BRFS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.35, but opened at $4.24. BRF shares last traded at $4.19, with a volume of 220,143 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two equities 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’s stock. Based on data from MarketBeat, BRF currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Price Performance

The stock has a market capitalization of $4.55 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.25 and a beta of 1.89. The stock’s 50 day moving average price is $4.38 and its 200-day moving average price is $4.22. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be paid a dividend of $0.0217 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. BRF’s dividend payout ratio (DPR) is currently 18.60%.

Institutional Investors Weigh In On BRF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new stake in BRF during the third quarter worth about $27,000. Atomi Financial Group Inc. purchased a new stake in BRF in the 2nd quarter worth $48,000. SPX Gestao de Recursos Ltda purchased a new position in BRF during the second quarter valued at $58,000. US Bancorp DE grew its position in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after purchasing an additional 8,882 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of BRF by 39.9% during the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock worth $71,000 after purchasing an additional 4,966 shares in the last quarter. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

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.