BRF (NYSE:BRFS) Shares Up 5.3% – Should You Buy?

Brf S.A. (NYSE:BRFS)’s stock price shot up 5.3% during trading on Wednesday . The stock traded as high as $3.26 and last traded at $3.28. 1,549,062 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,975,098 shares. The stock had previously closed at $3.11.

Analyst Ratings Changes

Several equities analysts have weighed in on BRFS shares. StockNews.com cut shares of BRF from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. 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 stock. According to MarketBeat, BRF currently has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Trading Up 1.9 %

The business’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.91. The company has a market cap of $3.76 billion, a PE ratio of 8.08, a P/E/G ratio of 0.19 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last issued 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 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, analysts expect 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 made changes to their positions in BRFS. Renaissance Technologies LLC increased its position in BRF by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock worth $31,268,000 after buying an additional 1,096,016 shares during the period. Marshall Wace LLP grew its stake in shares of BRF by 16.0% in the fourth quarter. Marshall Wace LLP now owns 4,975,651 shares of the company’s stock worth $20,251,000 after acquiring an additional 687,243 shares during the last quarter. Millennium Management LLC increased its position in 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 acquiring an additional 1,996,890 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in BRF during the 4th quarter valued at $9,258,000. Finally, Two Sigma Investments LP boosted its holdings in BRF by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company’s stock valued at $9,025,000 after purchasing an additional 91,268 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.