BRF (NYSE:BRFS) Share Price Passes Above Two Hundred Day Moving Average of $3.67

Brf S.A. (NYSE:BRFS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.67 and traded as high as $4.61. BRF shares last traded at $4.53, with a volume of 2,323,203 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Finally, Barclays increased their target price on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two equities research 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. Based on data from MarketBeat.com, BRF has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Stock Down 0.2 %

The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 90.60, a PEG ratio of 0.35 and a beta of 1.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.99 and a current ratio of 1.45. The business’s 50 day moving average is $4.16 and its 200 day moving average is $3.67.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.11 EPS for the quarter, topping 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 business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted ($0.10) earnings per share. Sell-side analysts anticipate that Brf S.A. will post 0.35 earnings per share for the current year.

Institutional Investors Weigh In On BRF

A number of large investors have recently bought and sold shares of BRFS. Dimensional Fund Advisors LP lifted its stake in BRF by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock valued at $95,000 after acquiring an additional 2,555 shares during the period. Cloverfields Capital Group LP lifted its position in BRF by 0.8% during the first quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock valued at $1,841,000 after purchasing an additional 4,234 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in BRF by 36.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock valued at $92,000 after purchasing an additional 6,113 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in BRF during the 2nd quarter worth about $48,000. Finally, Blue Trust Inc. purchased a new position in shares of BRF during the 2nd quarter valued at about $51,000. Hedge funds and other 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.