QRG Capital Management Inc. Buys Shares of 17,587 Brf S.A. (NYSE:BRFS)

QRG Capital Management Inc. bought a new stake in shares of Brf S.A. (NYSE:BRFS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,587 shares of the company’s stock, valued at approximately $72,000.

Several other large investors have also recently bought and sold shares of BRFS. Creative Planning increased its stake in BRF by 15.4% during the 3rd quarter. Creative Planning now owns 77,539 shares of the company’s stock valued at $339,000 after buying an additional 10,361 shares during the period. US Bancorp DE increased its stake in BRF by 127.1% during the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after buying an additional 8,882 shares during the period. Assetmark Inc. acquired a new position in BRF during the 3rd quarter valued at about $78,000. Natixis Advisors LLC boosted its position in shares of BRF by 97.9% during the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after purchasing an additional 119,346 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of BRF by 660.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after purchasing an additional 1,049,373 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Performance

Shares of BRFS opened at $3.31 on Friday. Brf S.A. has a one year low of $2.99 and a one year high of $4.87. The company has a 50-day moving average of $3.64 and a two-hundred day moving average of $4.14. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS) last announced its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, equities research analysts expect that Brf S.A. will post 0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BRFS. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Friday. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $10.70.

BRF 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.