BRF (NYSE:BRFS) Upgraded at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

A number of other research analysts have also weighed in on the company. Barclays raised their target price on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America raised their price objective on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Trading Up 0.5 %

BRFS opened at $4.34 on Wednesday. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The firm has a market capitalization of $4.70 billion, a PE ratio of 10.09, a P/E/G ratio of 0.22 and a beta of 1.93. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The company’s 50-day moving average is $4.36 and its 200 day moving average is $4.10.

BRF Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.1001 per share. This is a positive change from BRF’s previous — dividend of $0.03. This represents a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 27th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in BRF by 56.5% during the second quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock valued at $23,170,000 after buying an additional 2,056,054 shares during the period. Marshall Wace LLP boosted its stake in BRF by 534.6% in the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after acquiring an additional 3,894,533 shares during the last quarter. Ninety One UK Ltd grew its position in shares of BRF by 13.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after acquiring an additional 216,693 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 worth $5,281,000 after purchasing an additional 1,049,373 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after purchasing an additional 22,608 shares during the period. 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.