BRF (NYSE:BRFS) Shares Gap Down to $3.63

Brf S.A. (NYSE:BRFSGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.63, but opened at $3.54. BRF shares last traded at $3.55, with a volume of 128,565 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on BRFS. Barclays increased their target price on shares of BRF from $4.00 to $4.50 and gave the company an “overweight” rating in a report on Friday, May 17th. JPMorgan Chase & Co. upgraded shares of BRF from a “neutral” rating to an “overweight” rating in a report on Monday, April 15th. StockNews.com upgraded shares of BRF from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $1.90 to $3.10 in a report on Monday, April 15th.

Check Out Our Latest Analysis on BRFS

BRF Price Performance

The stock has a market cap of $3.74 billion, a PE ratio of 69.10, a P/E/G ratio of 0.35 and a beta of 1.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.89. The firm’s 50 day moving average price is $3.46 and its two-hundred day moving average price is $3.10.

BRF (NYSE:BRFSGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. BRF had a net margin of 0.81% and a return on equity of 2.93%. On average, research analysts expect that Brf S.A. will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On BRF

Several hedge funds have recently bought and sold shares of BRFS. UBS Group AG grew its stake in 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. Kapitalo Investimentos Ltda grew its stake in BRF by 88.9% during the fourth quarter. Kapitalo Investimentos Ltda now owns 5,738,575 shares of the company’s stock valued at $15,953,000 after acquiring an additional 2,700,313 shares in the last quarter. Polunin Capital Partners Ltd grew its stake in BRF by 10.3% during the first quarter. Polunin Capital Partners Ltd now owns 17,945,401 shares of the company’s stock valued at $58,502,000 after acquiring an additional 1,670,646 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in BRF during the first quarter valued at approximately $188,000. Finally, Quantbot Technologies LP grew its stake in BRF by 589.9% during the first quarter. Quantbot Technologies LP now owns 65,499 shares of the company’s stock valued at $214,000 after acquiring an additional 56,005 shares in the last quarter. Hedge funds and other institutional investors own 4.76% of the company’s stock.

About BRF

(Get Free Report)

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.

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