BRF (NYSE:BRFS) Trading Down 2.2% – Here’s What Happened

Brf S.A. (NYSE:BRFS)’s stock price fell 2.2% on Monday . The company traded as low as $3.37 and last traded at $3.38. 294,576 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,968,962 shares. The stock had previously closed at $3.45.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. StockNews.com lowered BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BRF currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Trading Up 3.3 %

The stock has a market cap of $3.73 billion, a PE ratio of 8.02, a PEG ratio of 0.19 and a beta of 1.90. The company’s fifty day moving average is $3.47 and its 200-day moving average is $4.02. 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 announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, analysts predict that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of BRF by 16.6% in the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock worth $31,268,000 after acquiring an additional 1,096,016 shares during the period. Marshall Wace LLP increased its stake in shares of BRF by 16.0% during 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 in the last quarter. Millennium Management LLC raised its position in shares of BRF by 81.3% during the 4th quarter. Millennium Management LLC now owns 4,454,095 shares of the company’s stock worth $18,128,000 after purchasing an additional 1,996,890 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in BRF in the 4th quarter valued at about $9,258,000. Finally, Two Sigma Investments LP lifted its stake in BRF by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company’s stock valued at $9,025,000 after buying an additional 91,268 shares in the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

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.