BRF (NYSE:BRFS) Earns Equal Weight Rating from Barclays

BRF (NYSE:BRFS - Get Free Report)'s stock had its "equal weight" rating reissued by stock analysts at Barclays in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $3.50 price target on the stock, down from their previous price target of $5.00. Barclays's price target would indicate a potential downside of 3.50% from the company's current price.

BRFS has been the topic of several other research reports. StockNews.com lowered shares of BRF from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd.

BRF Stock Performance

Shares of BRFS opened at $3.63 on Monday. BRF has a one year low of $2.99 and a one year high of $4.87. The company has a 50-day moving average of $3.52 and a two-hundred day moving average of $3.79. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.19 and a beta of 1.44. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. On average, equities research analysts expect that BRF will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On BRF

A number of institutional investors have recently modified their holdings of BRFS. Arrowstreet Capital Limited Partnership bought a new position in shares of BRF in the fourth quarter valued at approximately $9,258,000. Millennium Management LLC raised its position in shares of BRF by 81.3% in the fourth quarter. Millennium Management LLC now owns 4,454,095 shares of the company's stock valued at $18,128,000 after purchasing an additional 1,996,890 shares during the period. Renaissance Technologies LLC raised its position in shares of BRF by 16.6% in the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company's stock valued at $31,268,000 after purchasing an additional 1,096,016 shares during the period. Goldman Sachs Group Inc. raised its position in shares of BRF by 137.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,669,527 shares of the company's stock valued at $5,743,000 after purchasing an additional 966,539 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BRF by 75.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after purchasing an additional 913,453 shares during the period. Institutional investors own 4.76% of the company's stock.

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.

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