BRF (BRFS) Shares Gap Down to $5.47

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Brf S.A. (NYSE:BRFS) shares gapped down prior to trading on Thursday . The stock had previously closed at $5.21, but opened at $5.47. BRF shares last traded at $5.40, with a volume of 114140 shares.

A number of research analysts have recently commented on the stock. UBS Group cut shares of BRF from a “neutral” rating to a “sell” rating in a report on Monday, October 1st. ValuEngine cut shares of BRF from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “buy” rating in a report on Sunday, September 16th. Zacks Investment Research upgraded shares of BRF from a “strong sell” rating to a “hold” rating in a report on Monday, September 3rd. Finally, Barclays upgraded shares of BRF from an “equal weight” rating to an “overweight” rating in a report on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.00.

The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $4.45 billion, a P/E ratio of -34.94 and a beta of 0.87.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Friday, August 10th. The company reported ($0.54) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.36). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.34 billion. BRF had a negative return on equity of 13.17% and a negative net margin of 7.08%. As a group, equities analysts forecast that Brf S.A. will post -0.56 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in BRF by 75.7% during the 2nd quarter. Wells Fargo & Company MN now owns 11,642,292 shares of the company’s stock worth $54,486,000 after acquiring an additional 5,015,200 shares in the last quarter. Russell Investments Group Ltd. bought a new position in BRF during the 1st quarter worth about $12,059,000. Baillie Gifford & Co. bought a new position in BRF during the 2nd quarter worth about $7,732,000. Millennium Management LLC bought a new position in BRF during the 2nd quarter worth about $6,183,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in BRF during the 2nd quarter worth about $3,718,000. Hedge funds and other institutional investors own 9.24% of the company’s stock.

BRF Company Profile (NYSE:BRFS)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

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