BRF (NYSE:BRFS) Stock Rating Lowered by Zacks Investment Research

BRF (NYSE:BRFSGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed. “

BRFS has been the subject of a number of other research reports. The Goldman Sachs Group lowered BRF from a “neutral” rating to a “sell” rating in a report on Monday, April 11th. StockNews.com assumed coverage on BRF in a report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.38.

BRF stock traded down $0.33 during mid-day trading on Tuesday, reaching $2.72. 5,753,527 shares of the company were exchanged, compared to its average volume of 3,678,085. The business has a fifty day moving average of $3.43 and a 200 day moving average of $3.80. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.64 and a current ratio of 1.24. The firm has a market cap of $2.20 billion, a P/E ratio of 30.23 and a beta of 1.66. BRF has a 12-month low of $2.72 and a 12-month high of $6.07.

A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in BRF in the 4th quarter worth $3,858,000. Provida Pension Fund Administrator purchased a new position in BRF in the 4th quarter worth $248,000. Barclays PLC raised its stake in BRF by 18.3% in the 4th quarter. Barclays PLC now owns 1,153,554 shares of the company’s stock worth $4,718,000 after acquiring an additional 178,110 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in BRF by 33.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 147,929 shares of the company’s stock worth $605,000 after acquiring an additional 36,818 shares during the last quarter. Finally, Sei Investments Co. raised its stake in BRF by 2.7% in the 4th quarter. Sei Investments Co. now owns 391,426 shares of the company’s stock worth $1,601,000 after acquiring an additional 10,135 shares during the last quarter.

About BRF (Get Rating)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.

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