BRF (NYSE:BRFS) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Shares of Brf S.A. (NYSE:BRFS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

BRF Trading Down 2.5%

The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average of $3.66 and a two-hundred day moving average of $3.70.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings data 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. BRF had a net margin of 6.29% and a return on equity of 22.05%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. On average, equities analysts anticipate that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRF

Hedge funds have recently made changes to their positions in the business. Inspire Investing LLC purchased a new position in BRF during the first quarter worth about $42,000. Goldman Sachs Group Inc. raised its stake in BRF by 137.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,669,527 shares of the company's stock worth $5,743,000 after purchasing an additional 966,539 shares during the period. Millennium Management LLC boosted its holdings in shares of BRF by 26.5% in the 1st 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 purchased a new stake in shares of BRF during the 1st quarter valued at $91,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of BRF by 18.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 933,172 shares of the company's stock valued at $3,210,000 after buying an additional 143,919 shares during the period. Institutional investors and hedge funds own 4.76% of the company's stock.

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.