BRF (NYSE:BRFS) Shares Gap Down – Should You Sell?

Shares of Brf S.A. (NYSE:BRFS) gapped down before the market opened on Tuesday . The stock had previously closed at $3.75, but opened at $3.58. BRF shares last traded at $3.55, with a volume of 401,131 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Price Performance

The stock has a market cap of $3.84 billion, a PE ratio of 8.24, a P/E/G ratio of 0.21 and a beta of 1.88. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The firm’s 50 day moving average price is $4.22 and its two-hundred day moving average price is $4.25.

BRF Cuts Dividend

The business also recently declared a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.0217 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF’s dividend payout ratio is presently 20.93%.

Institutional Investors Weigh In On BRF

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. bought a new position in shares of BRF during the 4th quarter valued at about $43,000. TD Private Client Wealth LLC bought a new stake in BRF in the third quarter valued at approximately $27,000. Public Employees Retirement System of Ohio bought a new position in shares of BRF in the third quarter worth approximately $826,000. XTX Topco Ltd increased its position in shares of BRF by 142.6% in the third quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock valued at $495,000 after acquiring an additional 66,583 shares during the period. Finally, State Street Corp grew its position in shares of BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after buying an additional 22,608 shares during the last quarter. 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.