BRF (NYSE:BRFS) Stock Price Down 3.2% – Here’s What Happened

Brf S.A. (NYSE:BRFS)’s stock price fell 3.2% during mid-day trading on Wednesday . The stock traded as low as $3.43 and last traded at $3.43. 31,845 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 2,521,273 shares. The stock had previously closed at $3.54.

Wall Street Analyst Weigh In

Several brokerages recently commented on BRFS. StockNews.com cut shares of BRF from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Price Performance

The firm has a market capitalization of $3.74 billion, a PE ratio of 8.03, a P/E/G ratio of 0.19 and a beta of 1.51. The company has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.98. 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 released its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Sell-side analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

Institutional Trading of BRF

A number of institutional investors have recently added to or reduced their stakes in BRFS. Public Employees Retirement System of Ohio boosted its position in shares of BRF by 50.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 284,203 shares of the company’s stock worth $1,157,000 after buying an additional 95,158 shares during the period. Vident Advisory LLC boosted its holdings in BRF by 40.4% in the 4th quarter. Vident Advisory LLC now owns 68,391 shares of the company’s stock worth $278,000 after acquiring an additional 19,670 shares during the period. Two Sigma Advisers LP grew its position in BRF by 111.1% in the fourth quarter. Two Sigma Advisers LP now owns 662,300 shares of the company’s stock valued at $2,696,000 after acquiring an additional 348,600 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of BRF by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company’s stock worth $9,025,000 after purchasing an additional 91,268 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in BRF during the 4th quarter valued at $1,490,000. 4.76% of the stock is owned by hedge funds and other 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.