BRF (NYSE:BRFS) Stock Price Down 3.2% – What’s Next?

Brf S.A. (NYSE:BRFS)’s share price fell 3.2% during trading on Wednesday . The stock traded as low as $3.43 and last traded at $3.43. 31,845 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 2,521,273 shares. The stock had previously closed at $3.54.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BRFS. StockNews.com lowered BRF from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.70.

BRF Stock Performance

The company has a market capitalization of $3.70 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The business has a 50 day moving average of $3.44 and a 200 day moving average of $3.99. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

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). BRF had a return on equity of 19.66% and a net margin of 6.52%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.72 billion. On average, sell-side analysts predict that Brf S.A. will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On BRF

A number of institutional investors and hedge funds have recently made changes to their positions in BRFS. Navellier & Associates Inc. lifted its holdings in shares of BRF by 2.6% in the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company’s stock valued at $955,000 after acquiring an additional 5,977 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of BRF in the 3rd quarter valued at approximately $27,000. Two Sigma Securities LLC boosted its holdings in shares of BRF by 15.3% in the 4th quarter. Two Sigma Securities LLC now owns 49,704 shares of the company’s stock worth $202,000 after purchasing an additional 6,597 shares during the period. Mariner LLC increased its position in shares of BRF by 26.7% during the 4th quarter. Mariner LLC now owns 41,864 shares of the company’s stock valued at $170,000 after purchasing an additional 8,815 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in BRF by 55.8% in the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock worth $118,000 after buying an additional 9,709 shares during 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.