BRF (NYSE:BRFS) Stock Price Up 4.3%

Brf S.A. (NYSE:BRFS) shares rose 4.3% during trading on Friday . The company traded as high as $2.44 and last traded at $2.40. Approximately 505,871 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 5,548,762 shares. The stock had previously closed at $2.30.

Analysts Set New Price Targets

BRFS has been the topic of a number of analyst reports. Barclays boosted their price target on BRF from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. JPMorgan Chase & Co. initiated coverage on BRF in a research report on Friday, August 4th. They issued an “overweight” rating on the stock. Finally, StockNews.com raised BRF from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.00.

BRF Trading Up 5.2 %

The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 1.94. The firm has a market cap of $2.62 billion, a P/E ratio of 121.00 and a beta of 1.71. The company’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $1.89.

BRF (NYSE:BRFS) last issued its quarterly earnings data on Monday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. BRF had a negative net margin of 5.10% and a negative return on equity of 25.20%. The business had revenue of $2.61 billion for the quarter. As a group, research analysts predict that Brf S.A. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polunin Capital Partners Ltd boosted its holdings in BRF by 110.1% in the 2nd quarter. Polunin Capital Partners Ltd now owns 16,983,355 shares of the company’s stock valued at $32,268,000 after purchasing an additional 8,898,500 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of BRF by 2,443.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock valued at $14,518,000 after purchasing an additional 5,447,910 shares during the last quarter. UBS Group AG grew its position in shares of BRF by 62.7% in the 3rd quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock valued at $28,500,000 after buying an additional 5,357,987 shares during the last quarter. Herr Investment Group LLC grew its position in shares of BRF by 958.7% in the 1st quarter. Herr Investment Group LLC now owns 5,293,585 shares of the company’s stock valued at $6,776,000 after buying an additional 4,793,585 shares during the last quarter. Finally, Millennium Management LLC grew its position in BRF by 27,582.4% during the 4th quarter. Millennium Management LLC now owns 3,847,027 shares of the company’s stock worth $6,078,000 after purchasing an additional 3,833,130 shares during the last quarter. Hedge funds and other institutional investors own 8.01% of the company’s stock.

About BRF

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