BRF (NYSE:BRFS) Reaches New 12-Month High at $4.10

Brf S.A. (NYSE:BRFS) reached a new 52-week high on Monday . The company traded as high as $4.10 and last traded at $4.10, with a volume of 2791 shares traded. The stock had previously closed at $4.07.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BRFS shares. The Goldman Sachs Group raised BRF from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $1.90 to $3.10 in a research note on Monday, April 15th. JPMorgan Chase & Co. raised BRF from a “neutral” rating to an “overweight” rating in a research note on Monday, April 15th. Finally, Barclays upped their price objective on BRF from $4.00 to $4.50 and gave the stock an “overweight” rating in a research note on Friday, May 17th.

BRF Stock Up 0.7 %

The company’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $3.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 0.89. The firm has a market cap of $4.44 billion, a P/E ratio of 81.40, a price-to-earnings-growth ratio of 0.37 and a beta of 1.91.

BRF (NYSE:BRFS) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. BRF had a return on equity of 2.93% and a net margin of 0.81%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. Research analysts anticipate that Brf S.A. will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRFS. Bayesian Capital Management LP bought a new position in BRF during the 1st quarter valued at about $48,000. Cloverfields Capital Group LP boosted its position in shares of BRF by 0.8% during the first quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock valued at $1,841,000 after buying an additional 4,234 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of BRF during the first quarter valued at approximately $70,000. Headlands Technologies LLC purchased a new stake in shares of BRF in the first quarter worth approximately $60,000. Finally, SG Americas Securities LLC boosted its stake in shares of BRF by 139.9% during the first quarter. SG Americas Securities LLC now owns 88,365 shares of the company’s stock valued at $288,000 after purchasing an additional 51,525 shares during the period. 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.