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

Brf S.A. (NYSE:BRFS)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.19, but opened at $3.31. BRF shares last traded at $3.35, with a volume of 214,973 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on BRFS shares. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.70.

BRF Price Performance

The company’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $4.07. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 0.19 and a beta of 1.90.

BRF (NYSE:BRFS) last issued 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 analyst estimates of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Research analysts forecast that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRF

Hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC acquired a new stake in BRF during the third quarter worth approximately $27,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of BRF in the fourth quarter valued at approximately $43,000. PFG Investments LLC acquired a new stake in shares of BRF in the fourth quarter valued at approximately $51,000. Headlands Technologies LLC acquired a new stake in shares of BRF in the fourth quarter valued at approximately $55,000. Finally, US Bancorp DE raised its position in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after buying an additional 8,882 shares in the last quarter. 4.76% of the stock is currently 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.