BRF (NYSE:BRFS) Trading Down 2.4%

Brf S.A. (NYSE:BRFS) traded down 2.4% during trading on Wednesday . The stock traded as low as $4.49 and last traded at $4.49. 98,233 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 3,014,942 shares. The stock had previously closed at $4.60.

Wall Street Analysts Forecast Growth

BRFS has been the topic of several analyst reports. Bank of America upped their price target on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Barclays increased their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, BRF has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Trading Down 3.3 %

The firm has a market capitalization of $4.82 billion, a PE ratio of 92.00, a price-to-earnings-growth ratio of 0.27 and a beta of 1.94. The firm’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $3.75. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20.

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

Institutional Investors Weigh In On BRF

Several institutional investors have recently added to or reduced their stakes in BRFS. Vanguard Personalized Indexing Management LLC bought a new stake in BRF in the fourth quarter valued at $41,000. Bayesian Capital Management LP bought a new position in shares of BRF in the first quarter worth approximately $48,000. Atomi Financial Group Inc. bought a new stake in shares of BRF in the 2nd quarter worth $48,000. Blue Trust Inc. bought a new stake in BRF in the 2nd quarter worth about $51,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in BRF during the 4th quarter valued at $53,000. Hedge funds and other institutional investors 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.