BRF (NYSE:BRFS) Shares Cross Above 200 Day Moving Average - What's Next?

BRF S.A. (NYSE:BRFS - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.70 and traded as high as $3.85. BRF shares last traded at $3.68, with a volume of 3,666,394 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on BRFS shares. Wall Street Zen lowered shares of BRF from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays reiterated an "equal weight" rating and set a $3.50 target price (down previously from $5.00) on shares of BRF in a research report on Monday, May 19th.

BRF Trading Up 2.6%

The business's 50 day moving average is $3.65 and its two-hundred day moving average is $3.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.02.

BRF (NYSE:BRFS - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $15.78 billion. BRF had a net margin of 6.29% and a return on equity of 22.05%. On average, analysts anticipate that BRF S.A. will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Navellier & Associates Inc. grew its holdings in shares of BRF by 2.6% in the fourth quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock worth $955,000 after purchasing an additional 5,977 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of BRF in the fourth quarter worth approximately $72,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 worth $8,636,000 after purchasing an additional 913,453 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of BRF by 5.3% in the fourth quarter. American Century Companies Inc. now owns 1,019,237 shares of the company's stock worth $4,148,000 after purchasing an additional 51,581 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of BRF by 15.9% in the fourth 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 currently owned by institutional investors.

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.