BRF (NYSE:BRFS) Shares Gap Down – Here’s Why

Brf S.A. (NYSE:BRFS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $3.27, but opened at $3.19. BRF shares last traded at $3.19, with a volume of 128,450 shares trading hands.

Analyst Upgrades and Downgrades

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

BRF Trading Down 0.8 %

The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The company’s 50-day moving average is $3.54 and its 200 day moving average is $4.08.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) 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 analysts’ expectations of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Research analysts predict that Brf S.A. will post 0.45 EPS for the current year.

Hedge Funds Weigh In On BRF

Several hedge funds and other institutional investors have recently modified their holdings of BRFS. TD Private Client Wealth LLC purchased a new position in shares of BRF in the third quarter worth about $27,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of BRF in the fourth quarter worth about $43,000. PFG Investments LLC purchased a new position in shares of BRF in the fourth quarter worth about $51,000. Headlands Technologies LLC purchased a new position in shares of BRF in the fourth quarter worth about $55,000. Finally, US Bancorp DE lifted its stake in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after buying an additional 8,882 shares in the last quarter. 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.