B. Riley Wealth Advisors Inc. Boosts Stake in Brf S.A. (NYSE:BRFS)

B. Riley Wealth Advisors Inc. grew its stake in Brf S.A. (NYSE:BRFS) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,000 shares of the company’s stock after buying an additional 37,000 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BRF were worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Intelligence Driven Advisers LLC acquired a new stake in shares of BRF in the fourth quarter worth $30,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of BRF in the fourth quarter worth $41,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRF in the fourth quarter worth $53,000. Jump Financial LLC acquired a new stake in shares of BRF in the fourth quarter worth $66,000. Finally, SG Americas Securities LLC acquired a new stake in shares of BRF in the fourth quarter worth $102,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BRFS shares. JPMorgan Chase & Co. upgraded shares of BRF from a “neutral” rating to an “overweight” rating in a research report on Monday, April 15th. Barclays raised their price target on shares of BRF from $4.00 to $4.50 and gave the company an “overweight” rating in a research report on Friday, May 17th. The Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “neutral” rating and raised their price target for the company from $1.90 to $3.10 in a research report on Monday, April 15th. Finally, StockNews.com upgraded shares of BRF from a “hold” rating to a “buy” rating in a research report on Friday, March 1st.

BRF Stock Up 5.2 %

Shares of NYSE BRFS opened at $3.73 on Friday. The company’s 50-day simple moving average is $3.52 and its 200-day simple moving average is $3.14. Brf S.A. has a 52-week low of $1.73 and a 52-week high of $3.89. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 74.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.89. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 1.10.

BRF (NYSE:BRFS) last announced its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. BRF had a net margin of 0.81% and a return on equity of 2.93%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. Equities analysts predict that Brf S.A. will post 0.29 EPS for the current fiscal year.

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.