Connor Clark & Lunn Investment Management Ltd. Acquires 913,453 Shares of Brf S.A. (NYSE:BRFS)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Brf S.A. (NYSE:BRFS) by 75.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,121,828 shares of the company’s stock after purchasing an additional 913,453 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in BRF were worth $8,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC purchased a new position in shares of BRF during the third quarter valued at about $27,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of BRF during the 4th quarter worth approximately $43,000. PFG Investments LLC bought a new position in shares of BRF in the 4th quarter worth approximately $51,000. US Bancorp DE lifted its stake in shares of BRF by 127.1% in the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after purchasing an additional 8,882 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of BRF during the fourth quarter valued at approximately $72,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BRFS has been the subject of several recent research reports. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $10.70.

BRF Trading Down 0.8 %

NYSE BRFS opened at $3.17 on Friday. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average price is $3.54 and its 200-day moving average price is $4.08. The stock has a market cap of $3.43 billion, a P/E ratio of 7.36, a P/E/G ratio of 0.19 and a beta of 1.90.

BRF (NYSE:BRFS) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. As a group, equities analysts forecast that Brf S.A. will post 0.45 EPS for the current fiscal year.

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.