Brf S.A. (NYSE:BRFS) Short Interest Update

Brf S.A. (NYSE:BRFS) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 4,140,000 shares, a decrease of 5.0% from the October 31st total of 4,360,000 shares. Based on an average trading volume of 2,440,000 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays increased their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Finally, Bank of America boosted their price target on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Price Performance

BRFS stock opened at $4.16 on Tuesday. The stock has a market cap of $4.50 billion, a PE ratio of 9.66, a P/E/G ratio of 0.22 and a beta of 1.90. BRF has a one year low of $2.45 and a one year high of $4.76. 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 firm has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $4.13.

BRF Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be paid a $0.1001 dividend. This represents a yield of 1.8%. The ex-dividend date is Wednesday, November 27th. This is a positive change from BRF’s previous — dividend of $0.03. BRF’s dividend payout ratio is presently 18.60%.

Institutional Trading of BRF

A number of institutional investors have recently bought and sold shares of BRFS. Hsbc Holdings PLC raised its stake in BRF by 886.7% in the 2nd quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after acquiring an additional 207,262 shares during the last quarter. Marshall Wace LLP raised its position in shares of BRF by 534.6% during the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after acquiring an additional 3,894,533 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of BRF by 97.9% in the third quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after buying an additional 119,346 shares during the last quarter. Signaturefd LLC lifted its position in shares of BRF by 13.0% during the 3rd quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock valued at $138,000 after acquiring an additional 3,618 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of BRF in the second quarter valued at approximately $1,133,000. 4.76% of the stock is currently 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.