BRF (NYSE:BRFS) Shares Down 2.4%

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

Analysts Set New Price Targets

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

BRF Trading Up 3.4 %

The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20. The business’s 50-day simple moving average is $4.21 and its two-hundred day simple moving average is $3.76. The company has a market capitalization of $4.99 billion, a PE ratio of 91.80, a PEG ratio of 0.27 and a beta of 1.94.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The company 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, analysts predict that Brf S.A. will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On BRF

Several large investors have recently modified their holdings of BRFS. Atomi Financial Group Inc. acquired a new stake in BRF during the second quarter worth about $48,000. Blue Trust Inc. bought a new position in shares of BRF in the second quarter valued at approximately $51,000. SPX Gestao de Recursos Ltda bought a new position in shares of BRF in the second quarter valued at approximately $58,000. Bayesian Capital Management LP bought a new position in shares of BRF in the first quarter valued at approximately $48,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of BRF in the fourth quarter valued at approximately $41,000. 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.