SG Americas Securities LLC Purchases Shares of 36,840 Brf S.A. (NYSE:BRFS)

SG Americas Securities LLC acquired a new position in Brf S.A. (NYSE:BRFS) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 36,840 shares of the company’s stock, valued at approximately $102,000.

Several other institutional investors also recently modified their holdings of BRFS. UBS Group AG lifted its position in BRF by 62.7% in the third quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock worth $28,500,000 after purchasing an additional 5,357,987 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of BRF by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 9,333,913 shares of the company’s stock worth $23,895,000 after acquiring an additional 72,611 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of BRF by 2,443.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock valued at $14,518,000 after acquiring an additional 5,447,910 shares in the last quarter. BlackRock Inc. boosted its position in shares of BRF by 132.8% during the 1st quarter. BlackRock Inc. now owns 5,190,782 shares of the company’s stock valued at $20,606,000 after acquiring an additional 2,961,528 shares in the last quarter. Finally, Millennium Management LLC increased its stake in BRF by 27,582.4% in the fourth quarter. Millennium Management LLC now owns 3,847,027 shares of the company’s stock valued at $6,078,000 after acquiring an additional 3,833,130 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised BRF from a “neutral” rating to an “overweight” rating in a report on Monday, April 15th. Barclays raised BRF from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $2.50 to $4.00 in a research note on Monday, March 4th. The Goldman Sachs Group upgraded BRF from a “sell” rating to a “neutral” rating and upped their price target for the company from $1.90 to $3.10 in a research report on Monday, April 15th. Finally, StockNews.com raised BRF from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.55.

BRF Stock Performance

NYSE BRFS opened at $3.28 on Friday. Brf S.A. has a 1-year low of $1.15 and a 1-year high of $3.52. The company has a 50 day moving average of $3.17 and a 200-day moving average of $2.79. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of -17.26 and a beta of 1.95.

BRF (NYSE:BRFS) last released its quarterly earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The business had revenue of $1.69 billion for the quarter. On average, equities analysts forecast that Brf S.A. will post 0.13 earnings per share for the current fiscal year.

BRF Company Profile

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.