GAMMA Investing LLC Has $31,000 Stock Position in Brf S.A. (NYSE:BRFS)

GAMMA Investing LLC lifted its stake in Brf S.A. (NYSE:BRFS) by 111.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,082 shares of the company’s stock after acquiring an additional 4,792 shares during the quarter. GAMMA Investing LLC’s holdings in BRF were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of BRF in the fourth quarter valued at about $55,000. QRG Capital Management Inc. acquired a new stake in shares of BRF in the fourth quarter valued at about $72,000. Mariner LLC increased its position in shares of BRF by 26.7% in the fourth quarter. Mariner LLC now owns 41,864 shares of the company’s stock valued at $170,000 after acquiring an additional 8,815 shares during the last quarter. Two Sigma Securities LLC increased its position in shares of BRF by 15.3% in the fourth quarter. Two Sigma Securities LLC now owns 49,704 shares of the company’s stock valued at $202,000 after acquiring an additional 6,597 shares during the last quarter. Finally, Qtron Investments LLC acquired a new position in BRF during the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Performance

Shares of NYSE BRFS opened at $3.62 on Friday. The business’s 50 day moving average price is $3.68 and its two-hundred day moving average price is $3.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.02. Brf S.A. has a twelve month low of $2.99 and a twelve month high of $4.87.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. BRF had a return on equity of 22.05% and a net margin of 6.29%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $15.78 billion. Analysts predict that Brf S.A. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRFS. Barclays reissued an “equal weight” rating and set a $3.50 price target (down previously from $5.00) on shares of BRF in a research report on Monday, May 19th. Wall Street Zen downgraded BRF from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd.

BRF 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.