Mirae Asset Global Investments Co. Ltd. Buys 10,172 Shares of Brf S.A. (NYSE:BRFS)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Brf S.A. (NYSE:BRFS) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,354 shares of the company’s stock after acquiring an additional 10,172 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in BRF were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BRFS. Greytown Advisors Inc. bought a new position in shares of BRF during the third quarter valued at $75,000. Banco Santander S.A. increased its holdings in shares of BRF by 16.6% during the third quarter. Banco Santander S.A. now owns 360,994 shares of the company’s stock valued at $740,000 after acquiring an additional 51,454 shares in the last quarter. UBS Group AG increased its holdings in shares of BRF by 62.7% during the third quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock valued at $28,500,000 after acquiring an additional 5,357,987 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of BRF during the fourth quarter valued at $102,000. 4.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BRFS shares. Barclays raised BRF from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $2.50 to $4.00 in a research report on Monday, March 4th. StockNews.com raised BRF from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. The Goldman Sachs Group raised BRF from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1.90 to $3.10 in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised BRF from a “neutral” rating to an “overweight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.55.

BRF Trading Up 2.4 %

Shares of NYSE:BRFS opened at $3.45 on Friday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -18.16 and a beta of 1.95. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. The stock’s 50-day simple moving average is $3.22 and its two-hundred day simple moving average is $2.84. Brf S.A. has a 52-week low of $1.16 and a 52-week high of $3.52.

BRF (NYSE:BRFS) last announced its earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $1.69 billion for the quarter. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. Analysts expect that Brf S.A. will post 0.21 EPS for the current year.

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.