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

Brf S.A. (NYSE:BRFSGet Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 7,450,000 shares, a decrease of 7.3% from the December 15th total of 8,040,000 shares. Based on an average daily trading volume, of 4,500,000 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On BRF

Institutional investors and hedge funds have recently bought and sold shares of the business. Polunin Capital Partners Ltd grew its stake in shares of BRF by 110.1% in the 2nd quarter. Polunin Capital Partners Ltd now owns 16,983,355 shares of the company’s stock valued at $32,268,000 after buying an additional 8,898,500 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in BRF by 2,443.7% during the second quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock worth $14,518,000 after purchasing an additional 5,447,910 shares during the period. UBS Group AG boosted its position in BRF by 62.7% during the third quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock worth $28,500,000 after purchasing an additional 5,357,987 shares during the period. Millennium Management LLC boosted its position in BRF by 27,582.4% during the fourth quarter. Millennium Management LLC now owns 3,847,027 shares of the company’s stock worth $6,078,000 after purchasing an additional 3,833,130 shares during the period. Finally, Ninety One UK Ltd boosted its position in BRF by 69.4% during the third quarter. Ninety One UK Ltd now owns 8,776,288 shares of the company’s stock worth $17,991,000 after purchasing an additional 3,594,857 shares during the period. Hedge funds and other institutional investors own 8.01% of the company’s stock.

BRF Stock Down 3.1 %

NYSE:BRFS opened at $2.54 on Thursday. The business’s fifty day moving average price is $2.75 and its 200 day moving average price is $2.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.80. BRF has a 1-year low of $1.05 and a 1-year high of $3.09.

BRF (NYSE:BRFSGet Free Report) last released its earnings results on Monday, November 13th. The company reported ($0.05) earnings per share for the quarter. BRF had a negative net margin of 5.54% and a negative return on equity of 25.83%. The business had revenue of $2.83 billion for the quarter. As a group, equities research analysts expect that BRF will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

BRFS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered BRF from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 6th. StockNews.com raised BRF from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.00.

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About BRF

(Get Free Report)

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.

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