Herr Investment Group LLC Sells 50,000 Shares of Brf S.A. (NYSE:BRFS)

Herr Investment Group LLC lowered its stake in shares of Brf S.A. (NYSE:BRFS) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,000 shares of the company’s stock after selling 50,000 shares during the period. Herr Investment Group LLC’s holdings in BRF were worth $1,424,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new position in BRF during the fourth quarter worth $41,000. Bayesian Capital Management LP acquired a new position in BRF in the 1st quarter valued at about $48,000. Atomi Financial Group Inc. bought a new position in BRF in the 2nd quarter valued at about $48,000. Blue Trust Inc. acquired a new stake in BRF during the second quarter worth approximately $51,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of BRF in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Performance

BRF stock opened at $4.61 on Friday. The business has a 50 day moving average of $4.21 and a 200-day moving average of $3.76. The company has a market capitalization of $4.99 billion, a P/E ratio of 92.20, a P/E/G ratio of 0.27 and a beta of 1.94. Brf S.A. has a 1 year low of $1.83 and a 1 year high of $4.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99.

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. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.55 billion. BRF had a net margin of 3.61% and a return on equity of 11.51%. During the same period in the prior year, the company posted ($0.10) EPS. On average, equities research analysts predict that Brf S.A. will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Finally, Bank of America lifted 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. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

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.