Creative Planning Raises Stock Holdings in Brf S.A. (NYSE:BRFS)

Creative Planning boosted its stake in shares of Brf S.A. (NYSE:BRFS) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 77,539 shares of the company’s stock after buying an additional 10,361 shares during the period. Creative Planning’s holdings in BRF were worth $339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in BRF by 886.7% during the second quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock valued at $939,000 after purchasing an additional 207,262 shares in the last quarter. Marshall Wace LLP raised its stake in shares of BRF by 534.6% during the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after buying an additional 3,894,533 shares during the period. Natixis Advisors LLC acquired a new position in shares of BRF during the 2nd quarter worth approximately $496,000. Acadian Asset Management LLC purchased a new stake in shares of BRF during the second quarter worth approximately $1,133,000. Finally, Ballentine Partners LLC purchased a new stake in shares of BRF during the second quarter worth approximately $77,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Analyst Ratings Changes

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

BRF Trading Down 2.8 %

BRFS opened at $4.23 on Friday. The firm has a market capitalization of $4.58 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.26 and a beta of 1.93. The firm’s 50 day moving average is $4.39 and its 200-day moving average is $4.04. Brf S.A. has a 52-week low of $2.28 and a 52-week high of $4.76. 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 announced its quarterly earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Analysts expect that Brf S.A. will post 0.46 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.