BRF (NYSE:BRFS) Trading 6.5% Higher

Brf S.A. (NYSE:BRFS)’s stock price rose 6.5% during trading on Thursday . The stock traded as high as $3.77 and last traded at $3.77. Approximately 395,533 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 3,314,506 shares. The stock had previously closed at $3.54.

Analyst Upgrades and Downgrades

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

BRF Stock Performance

The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 1.37. The stock has a market cap of $4.15 billion, a P/E ratio of 76.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.89. The firm’s 50 day moving average is $3.53 and its 200 day moving average is $3.15.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Analysts anticipate that Brf S.A. will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda boosted its holdings in shares of BRF by 88.9% in the 4th quarter. Kapitalo Investimentos Ltda now owns 5,738,575 shares of the company’s stock valued at $15,953,000 after acquiring an additional 2,700,313 shares during the last quarter. Polunin Capital Partners Ltd boosted its holdings in shares of BRF by 10.3% in the 1st quarter. Polunin Capital Partners Ltd now owns 17,945,401 shares of the company’s stock valued at $58,502,000 after acquiring an additional 1,670,646 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of BRF in the 1st quarter valued at $188,000. Quantbot Technologies LP boosted its holdings in shares of BRF by 589.9% in the 1st quarter. Quantbot Technologies LP now owns 65,499 shares of the company’s stock valued at $214,000 after acquiring an additional 56,005 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of BRF by 139.9% in the 1st quarter. SG Americas Securities LLC now owns 88,365 shares of the company’s stock valued at $288,000 after acquiring an additional 51,525 shares during the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.