Barclays Reaffirms "Equal Weight" Rating for BRF (NYSE:BRFS)

BRF (NYSE:BRFS - Get Free Report)'s stock had its "equal weight" rating restated by Barclays in a report released on Monday, Marketbeat reports. They presently have a $3.50 price target on the stock, down from their prior price target of $5.00. Barclays's target price would indicate a potential downside of 5.28% from the company's previous close.

Other analysts have also issued reports about the stock. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Wall Street Zen lowered shares of BRF from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th.

BRF Stock Down 0.7%

Shares of BRFS stock traded down $0.03 during trading on Monday, reaching $3.70. The company's stock had a trading volume of 6,847,168 shares, compared to its average volume of 2,515,712. The business has a fifty day moving average price of $3.56 and a 200-day moving average price of $3.78. 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 market cap of $4.00 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44. BRF has a one year low of $2.99 and a one year high of $4.87.

BRF (NYSE:BRFS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $2.65 billion for 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%. Analysts anticipate that BRF will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On BRF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings 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 last quarter. Millennium Management LLC increased its holdings in shares of BRF by 26.5% in the first quarter. Millennium Management LLC now owns 5,634,548 shares of the company's stock valued at $19,383,000 after purchasing an additional 1,180,453 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in shares of BRF in the first quarter valued at $91,000. Cubist Systematic Strategies LLC increased its holdings in shares of BRF by 18.2% in the first quarter. Cubist Systematic Strategies LLC now owns 933,172 shares of the company's stock valued at $3,210,000 after purchasing an additional 143,919 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of BRF in the first quarter valued at $155,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

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.