BRF (NYSE:BRFS) Hits New 1-Year Low - Here's What Happened

Brf S.A. (NYSE:BRFS - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.92 and last traded at $3.96, with a volume of 1428742 shares changing hands. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BRFS shares. StockNews.com upgraded shares of BRF from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd.

BRF Stock Performance

The business's fifty day simple moving average is $3.44 and its 200-day simple moving average is $3.86. The firm has a market cap of $4.24 billion, a P/E ratio of 9.12, a price-to-earnings-growth 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 - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion. As a group, sell-side analysts expect that Brf S.A. will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Integrated Quantitative Investments LLC bought a new position in shares of BRF during the fourth quarter valued at approximately $1,042,000. Arrowstreet Capital Limited Partnership bought a new stake in BRF in the fourth quarter worth $9,258,000. QRG Capital Management Inc. purchased a new stake in shares of BRF in the fourth quarter worth $72,000. Renaissance Technologies LLC increased its holdings in shares of BRF by 16.6% during the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company's stock valued at $31,268,000 after acquiring an additional 1,096,016 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of BRF by 15.9% in the 4th quarter. LPL Financial LLC now owns 96,019 shares of the company's stock worth $391,000 after purchasing an additional 13,201 shares during the last quarter. 4.76% of the stock is owned by hedge funds and other 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.