BRF (NYSE:BRFS) Shares Up 4.2% – Here’s Why

Brf S.A. (NYSE:BRFS)’s stock price shot up 4.2% during mid-day trading on Thursday . The stock traded as high as $3.34 and last traded at $3.38. 253,840 shares changed hands during trading, a decline of 87% from the average session volume of 2,003,849 shares. The stock had previously closed at $3.24.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BRFS. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Stock Performance

The firm has a market capitalization of $3.53 billion, a PE ratio of 7.59, a PEG ratio of 0.19 and a beta of 1.90. 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 company has a 50-day moving average of $3.68 and a 200 day moving average of $4.16.

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

Institutional Trading of BRF

A number of hedge funds have recently made changes to their positions in BRFS. TD Private Client Wealth LLC bought a new stake in BRF during the third quarter worth about $27,000. Hennion & Walsh Asset Management Inc. bought a new stake in BRF in the 4th quarter worth approximately $43,000. PFG Investments LLC bought a new stake in BRF in the 4th quarter worth approximately $51,000. Headlands Technologies LLC bought a new position in BRF during the fourth quarter valued at approximately $55,000. Finally, US Bancorp DE raised its stake in shares of BRF by 127.1% during the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after acquiring an additional 8,882 shares in the last quarter. 4.76% of the stock is owned by institutional investors.

BRF Company Profile

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.