BRF (NYSE:BRFS) Trading Down 2.2% – What’s Next?

Brf S.A. (NYSE:BRFS)’s stock price fell 2.2% on Monday . The company traded as low as $3.37 and last traded at $3.38. 294,576 shares changed hands during trading, a decline of 85% from the average session volume of 1,968,962 shares. The stock had previously closed at $3.45.

Wall Street Analysts Forecast Growth

BRFS has been the topic of a number of recent analyst reports. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.70.

BRF Stock Up 3.3 %

The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $3.73 billion, a P/E ratio of 8.02, a PEG ratio of 0.19 and a beta of 1.90. The company has a fifty day moving average price of $3.47 and a 200-day moving average price of $4.02.

BRF (NYSE:BRFS) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a net margin of 6.52% and a return on equity of 19.66%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.72 billion. As a group, research analysts forecast that Brf S.A. will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new stake in BRF in the 4th quarter worth about $9,258,000. Millennium Management LLC lifted its position in shares of BRF by 81.3% during the fourth quarter. Millennium Management LLC now owns 4,454,095 shares of the company’s stock worth $18,128,000 after purchasing an additional 1,996,890 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of BRF by 16.6% during the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock valued at $31,268,000 after purchasing an additional 1,096,016 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of BRF by 75.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company’s stock worth $8,636,000 after purchasing an additional 913,453 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in BRF by 16.0% during the 4th quarter. Marshall Wace LLP now owns 4,975,651 shares of the company’s stock valued at $20,251,000 after buying an additional 687,243 shares in the last quarter. 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.