Brf S.A. (NYSE:BRFS) Short Interest Update

Brf S.A. (NYSE:BRFS) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,330,000 shares, agrowthof59.5% from the June 30th total of 9,610,000 shares. Based on an average daily trading volume, of 4,520,000 shares, the short-interest ratio is presently 3.4 days. Approximately1.0% of the shares of the company are short sold. Approximately1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,520,000 shares, the short-interest ratio is presently 3.4 days.

Analysts Set New Price Targets

BRFS has been the topic of a number of recent research reports. Wall Street Zen raised BRF from a “hold” rating to a “buy” rating in a research report on Saturday, June 28th. Barclays reissued an “equal weight” rating and set a $3.50 price objective (down previously from $5.00) on shares of BRF in a report on Monday, May 19th.

BRF Stock Performance

NYSE:BRFS opened at $3.57 on Friday. The business’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.57. BRF has a twelve month low of $2.99 and a twelve month high of $4.87. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 1.04.

BRF (NYSE:BRFS) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $15.78 billion. As a group, equities research analysts predict that BRF will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On BRF

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in BRF by 81.3% in the 4th quarter. Millennium Management LLC now owns 4,454,095 shares of the company’s stock worth $18,128,000 after buying an additional 1,996,890 shares during the period. Renaissance Technologies LLC raised its stake in BRF by 16.6% during the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock valued at $31,268,000 after buying an additional 1,096,016 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in BRF by 137.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,669,527 shares of the company’s stock valued at $5,743,000 after buying an additional 966,539 shares during the last quarter. Kapitalo Investimentos Ltda raised its stake in shares of BRF by 559.2% in the first quarter. Kapitalo Investimentos Ltda now owns 1,074,513 shares of the company’s stock worth $3,696,000 after purchasing an additional 911,499 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of BRF by 16.0% in the fourth quarter. Marshall Wace LLP now owns 4,975,651 shares of the company’s stock worth $20,251,000 after purchasing an additional 687,243 shares during the last quarter. 4.76% of the stock is currently owned by institutional investors.

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.