BRF (NYSE:BRFS) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• BRF S.A. shares recently exceeded their 200-day moving average, trading at $3.71 with a high of $3.76 during the session.
• Analysts’ ratings for BRF have shifted, with Barclays downgrading its price target to $3.50, while the average consensus rating remains a "Buy".
• BRF reported a net loss in its latest quarter, with an EPS of $0.08, missing the $0.11 consensus estimate by $0.03.

Brf S.A. (NYSE:BRFS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.56 and traded as high as $3.76. BRF shares last traded at $3.71, with a volume of 537,394 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays restated an "equal weight" rating and set a $3.50 price objective (down from $5.00) on shares of BRF in a research report on Monday, May 19th. Wall Street Zen downgraded BRF from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $3.50.

BRF Price Performance

The company has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $3.57. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 1.03.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $15.29 billion. BRF had a net margin of 5.84% and a return on equity of 20.20%. On average, analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

Institutional Trading of BRF

Institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC boosted its position in BRF by 32.7% during the 2nd quarter. Inspire Investing LLC now owns 16,342 shares of the company's stock worth $60,000 after purchasing an additional 4,027 shares during the period. GAMMA Investing LLC boosted its position in BRF by 111.7% during the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company's stock worth $31,000 after purchasing an additional 4,792 shares during the period. Quantbot Technologies LP boosted its position in BRF by 50.9% during the 1st quarter. Quantbot Technologies LP now owns 19,538 shares of the company's stock worth $67,000 after purchasing an additional 6,589 shares during the period. Mariner LLC boosted its position in BRF by 26.7% during the 4th quarter. Mariner LLC now owns 41,864 shares of the company's stock worth $170,000 after purchasing an additional 8,815 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in BRF by 43.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,580 shares of the company's stock worth $108,000 after purchasing an additional 8,975 shares during the period. 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.