Rhumbline Advisers Cuts Stock Position in Brf S.A. (NYSE:BRFS)

Rhumbline Advisers trimmed its stake in shares of Brf S.A. (NYSE:BRFS) by 81.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,301 shares of the company’s stock after selling 136,324 shares during the period. Rhumbline Advisers’ holdings in BRF were worth $123,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BRFS. Bayesian Capital Management LP acquired a new stake in BRF during the 1st quarter worth $48,000. Atomi Financial Group Inc. purchased a new position in BRF during the second quarter worth about $48,000. Blue Trust Inc. acquired a new position in BRF in the 2nd quarter valued at about $51,000. Headlands Technologies LLC purchased a new stake in shares of BRF in the 1st quarter valued at approximately $60,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of BRF during the 1st quarter worth approximately $70,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

Analyst Ratings Changes

BRFS has been the subject of a number of research analyst reports. Barclays increased their price target on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Bank of America raised their target price on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Price Performance

BRFS stock opened at $4.35 on Tuesday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 87.00, a PEG ratio of 0.26 and a beta of 1.94. Brf S.A. has a fifty-two week low of $1.94 and a fifty-two week high of $4.76. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $4.29 and a 200 day moving average price of $3.83.

BRF (NYSE:BRFS) last posted its earnings results on Thursday, August 15th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.55 billion. BRF had a return on equity of 11.51% and a net margin of 3.61%. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Equities research analysts anticipate that Brf S.A. will post 0.47 earnings per share for the current fiscal year.

About BRF

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.