Acadian Asset Management LLC Buys New Position in Brf S.A. (NYSE:BRFS)

Acadian Asset Management LLC bought a new stake in Brf S.A. (NYSE:BRFS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 279,188 shares of the company’s stock, valued at approximately $1,133,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners bought a new position in BRF in the 4th quarter valued at about $118,000. Natixis Advisors LLC bought a new position in BRF in the 2nd quarter valued at about $496,000. Dynamic Technology Lab Private Ltd bought a new position in BRF in the 4th quarter valued at about $53,000. Bayesian Capital Management LP bought a new position in BRF in the 1st quarter valued at about $48,000. Finally, Ninety One UK Ltd grew its position in BRF by 13.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after buying an additional 216,693 shares in the last quarter. Institutional investors own 4.76% of the company’s stock.

BRF Price Performance

BRFS stock opened at $4.45 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20. Brf S.A. has a one year low of $1.83 and a one year high of $4.76. The firm has a market capitalization of $4.82 billion, a PE ratio of 89.00, a P/E/G ratio of 0.27 and a beta of 1.94. The firm has a 50-day moving average of $4.18 and a two-hundred day moving average of $3.74.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. BRF had a net margin of 3.61% and a return on equity of 11.51%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm earned ($0.10) earnings per share. On average, analysts forecast that Brf S.A. will post 0.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Bank of America upped their price target on shares of BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Barclays upped their price target on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BRF presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

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.