BRF (NYSE:BRFS) Reaches New 12-Month High at $4.26

Brf S.A. (NYSE:BRFS) hit a new 52-week high on Wednesday . The stock traded as high as $4.26 and last traded at $4.23, with a volume of 360825 shares traded. The stock had previously closed at $4.16.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BRFS shares. Barclays upped their target price on BRF from $4.00 to $4.50 and gave the stock an “overweight” rating in a research report on Friday, May 17th. StockNews.com downgraded BRF from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

BRF Price Performance

The stock has a market cap of $4.59 billion, a PE ratio of 84.80, a P/E/G ratio of 0.35 and a beta of 1.91. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.89. The business has a fifty day moving average of $3.83 and a 200 day moving average of $3.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in BRF in the second quarter valued at about $190,000. Hsbc Holdings PLC raised its stake in BRF by 886.7% during the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock valued at $939,000 after buying an additional 207,262 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in BRF by 36.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock valued at $92,000 after buying an additional 6,113 shares in the last quarter. Renaissance Technologies LLC raised its stake in BRF by 56.5% during the second quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock valued at $23,170,000 after buying an additional 2,056,054 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in BRF by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock valued at $95,000 after buying an additional 2,555 shares in the last quarter. Hedge funds and other institutional investors 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.