BRF (NYSE:BRFS) Trading 4.9% Higher – What’s Next?

Brf S.A. (NYSE:BRFS)’s share price rose 4.9% on Tuesday . The stock traded as high as $3.49 and last traded at $3.51. Approximately 558,111 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 2,517,413 shares. The stock had previously closed at $3.34.

Analyst Ratings Changes

BRFS has been the subject of several research analyst reports. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. StockNews.com downgraded BRF from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Two research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

The business’s fifty day moving average price is $3.48 and its 200-day moving average price is $4.03. The company has a market capitalization of $3.75 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BRFS. TD Private Client Wealth LLC bought a new position in shares of BRF during the 3rd quarter valued at $27,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of BRF during the fourth quarter valued at 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, QRG Capital Management Inc. bought a new stake in shares of BRF in the 4th quarter valued at about $72,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

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.