BRF (NYSE:BRFS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Brf S.A. (NYSE:BRFS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.70 and traded as high as $3.85. BRF shares last traded at $3.68, with a volume of 3,666,394 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on BRFS shares. Wall Street Zen cut shares of BRF from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Barclays reiterated an “equal weight” rating and issued a $3.50 price target (down previously from $5.00) on shares of BRF in a report on Monday, May 19th.

BRF Trading Down 0.9%

The firm has a market capitalization of $3.98 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.19 and a beta of 1.33. The business’s 50-day moving average is $3.64 and its 200 day moving average is $3.70. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $15.78 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. As a group, analysts anticipate that Brf S.A. will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On BRF

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of BRF by 111.7% during the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after acquiring an additional 4,792 shares during the period. R Squared Ltd raised its holdings in shares of BRF by 912.7% in the first quarter. R Squared Ltd now owns 11,950 shares of the company’s stock valued at $41,000 after purchasing an additional 10,770 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of BRF in the first quarter valued at about $42,000. Headlands Technologies LLC bought a new position in BRF during the fourth quarter valued at about $55,000. Finally, QRG Capital Management Inc. bought a new position in BRF during the fourth quarter valued at about $72,000. 4.76% of the stock is owned by institutional investors.

BRF Company Profile

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.