BRF (NYSE:BRFS) Shares Gap Down to $4.13

Brf S.A. (NYSE:BRFS)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.13, but opened at $3.85. BRF shares last traded at $3.81, with a volume of 1,017,534 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of BRF from a “neutral” rating to an “overweight” rating in a research report on Monday, April 15th. Barclays raised their target price on shares of BRF from $4.00 to $4.50 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group raised BRF from a “sell” rating to a “neutral” rating and upped their price target for the company from $1.90 to $3.10 in a report on Monday, April 15th.

BRF Price Performance

The firm has a market capitalization of $4.05 billion, a P/E ratio of 74.80, a P/E/G ratio of 0.31 and a beta of 1.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 1.37. The stock has a 50 day moving average of $3.79 and a two-hundred day moving average of $3.32.

BRF (NYSE:BRFS) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BRF had a net margin of 0.81% and a return on equity of 2.93%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. Sell-side analysts predict that Brf S.A. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. bought a new position in shares of BRF in the second quarter worth about $51,000. Bayesian Capital Management LP bought a new position in BRF in the 1st quarter worth approximately $48,000. Cloverfields Capital Group LP lifted its holdings in shares of BRF by 0.8% during the first quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock worth $1,841,000 after buying an additional 4,234 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of BRF during the first quarter worth approximately $70,000. Finally, Headlands Technologies LLC bought a new stake in shares of BRF in the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.