BRF (NYSE:BRFS) Stock Price Up 4.3%

Brf S.A. (NYSE:BRFS)’s share price rose 4.3% during mid-day trading on Monday . The stock traded as high as $4.64 and last traded at $4.64. Approximately 691,914 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 3,031,188 shares. The stock had previously closed at $4.45.

Analyst Ratings Changes

BRFS has been the subject of several recent analyst reports. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. 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. Finally, Bank of America increased their price target on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Two investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $4.82 billion, a P/E ratio of 89.00, a P/E/G ratio of 0.27 and a beta of 1.94. The stock has a fifty day moving average of $4.20 and a 200-day moving average of $3.76.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate 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) earnings per share. On average, research analysts anticipate that Brf S.A. will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Polunin Capital Partners Ltd boosted its position in BRF by 10.3% during the first quarter. Polunin Capital Partners Ltd now owns 17,945,401 shares of the company’s stock valued at $58,502,000 after purchasing an additional 1,670,646 shares during the last quarter. Renaissance Technologies LLC boosted its position in BRF by 56.5% during the second quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock valued at $23,170,000 after purchasing an additional 2,056,054 shares during the last quarter. Marshall Wace LLP boosted its position in BRF by 534.6% during the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after purchasing an additional 3,894,533 shares during the last quarter. Ninety One UK Ltd boosted its position in BRF by 13.9% during the second quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after purchasing an additional 216,693 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in BRF by 5.7% during the second quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock valued at $3,408,000 after purchasing an additional 45,061 shares during the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

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.