BRF (NYSE:BRFS) Trading 4% Higher - Should You Buy?

Shares of Brf S.A. (NYSE:BRFS - Get Free Report) traded up 4% during mid-day trading on Friday . The stock traded as high as $3.95 and last traded at $3.98. 224,133 shares were traded during mid-day trading, a decline of 91% from the average session volume of 2,400,527 shares. The stock had previously closed at $3.83.

Analysts Set New Price Targets

Several research firms have recently weighed in on BRFS. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of BRF from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 24th.

BRF Stock Down 1.3 %

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The company's fifty day moving average is $3.41 and its 200-day moving average is $3.86. The company has a market capitalization of $4.28 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51.

BRF (NYSE:BRFS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. As a group, analysts predict that Brf S.A. will post 0.45 EPS for the current fiscal year.

Institutional Trading of BRF

Several hedge funds have recently modified their holdings of BRFS. GAMMA Investing LLC boosted its holdings in shares of BRF by 111.7% in 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. Navellier & Associates Inc. grew its holdings in BRF by 2.6% during the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock valued at $955,000 after purchasing an additional 5,977 shares during the last quarter. Two Sigma Securities LLC lifted its stake in BRF by 15.3% in the fourth quarter. Two Sigma Securities LLC now owns 49,704 shares of the company's stock worth $202,000 after purchasing an additional 6,597 shares during the last quarter. Mariner LLC boosted its position in shares of BRF by 26.7% during the fourth quarter. Mariner LLC now owns 41,864 shares of the company's stock valued at $170,000 after buying an additional 8,815 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of BRF by 55.8% during the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock valued at $118,000 after buying an additional 9,709 shares during the last quarter. 4.76% of the stock is owned by hedge funds and other 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.