XTX Topco Ltd Acquires New Position in Brf S.A. (NYSE:BRFS)

XTX Topco Ltd bought a new position in Brf S.A. (NYSE:BRFS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,683 shares of the company’s stock, valued at approximately $190,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP bought a new stake in shares of BRF in the 1st quarter worth approximately $48,000. Atomi Financial Group Inc. acquired a new stake in BRF in the second quarter worth $48,000. Blue Trust Inc. bought a new stake in BRF in the second quarter valued at $51,000. Headlands Technologies LLC acquired a new position in shares of BRF during the first quarter valued at $60,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of BRF during the first quarter valued at $70,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on BRFS shares. Barclays lifted their price objective 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 raised BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Bank of America increased their price objective on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, BRF presently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

Shares of NYSE:BRFS opened at $4.35 on Tuesday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 87.00, a PEG ratio of 0.26 and a beta of 1.94. 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 S.A. has a 12 month low of $1.94 and a 12 month high of $4.76. The stock’s 50 day moving average price is $4.29 and its 200 day moving average price is $3.83.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.55 billion. BRF had a return on equity of 11.51% and a net margin of 3.61%. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Equities research analysts anticipate that Brf S.A. will post 0.47 earnings per share for the current fiscal year.

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.