BRF (NYSE:BRFS) Shares Gap Down to $3.33

Brf S.A. (NYSE:BRFS) shares gapped down before the market opened on Monday . The stock had previously closed at $3.33, but opened at $3.23. BRF shares last traded at $3.27, with a volume of 1,021,879 shares.

Analysts Set New Price Targets

Several research firms have commented on BRFS. StockNews.com raised BRF from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. raised shares of BRF from a “neutral” rating to an “overweight” rating in a report on Monday, April 15th. Barclays upgraded BRF from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $2.50 to $4.00 in a research report on Monday, March 4th. Finally, The Goldman Sachs Group upgraded BRF from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1.90 to $3.10 in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.55.

BRF Stock Performance

The company has a market capitalization of $3.90 billion, a PE ratio of -17.74 and a beta of 1.86. The stock has a 50-day simple moving average of $3.29 and a 200 day simple moving average of $2.91. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.86.

BRF (NYSE:BRFS) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. The firm had revenue of $1.69 billion for the quarter. Equities analysts anticipate that Brf S.A. will post 0.21 EPS for the current fiscal year.

Institutional Trading of BRF

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of BRF by 29.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,182 shares of the company’s stock worth $136,000 after purchasing an additional 15,018 shares during the last quarter. Greytown Advisors Inc. purchased a new stake in BRF in the 3rd quarter worth approximately $75,000. Banco Santander S.A. raised its holdings in BRF by 16.6% in the 3rd quarter. Banco Santander S.A. now owns 360,994 shares of the company’s stock valued at $740,000 after acquiring an additional 51,454 shares during the last quarter. UBS Group AG increased its stake in BRF by 62.7% in the third quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock valued at $28,500,000 after purchasing an additional 5,357,987 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in BRF in the 4th quarter worth about $102,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

About BRF

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.