BRF (NYSE:BRFS) Trading Down 2.2% – Here’s What Happened

Brf S.A. (NYSE:BRFS) shares were down 2.2% during mid-day trading on Monday . The stock traded as low as $3.37 and last traded at $3.38. Approximately 294,576 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,968,962 shares. The stock had previously closed at $3.45.

Analyst Ratings Changes

A number of research analysts have commented on BRFS shares. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research report 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Price Performance

The business’s 50 day simple moving average is $3.49 and its 200-day simple moving average is $4.04. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 7.81, a P/E/G 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.

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

Institutional Trading of BRF

Several institutional investors and hedge funds have recently modified their holdings of BRFS. TD Private Client Wealth LLC bought a new position in BRF in the third quarter valued at about $27,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BRF during the 4th quarter valued at approximately $43,000. PFG Investments LLC acquired a new position in BRF during the 4th quarter worth approximately $51,000. Headlands Technologies LLC bought a new position in BRF in the 4th quarter valued at approximately $55,000. Finally, QRG Capital Management Inc. bought a new position in shares of BRF in the 4th quarter valued at $72,000. 4.76% of the stock is currently owned by institutional investors.

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.