BRF (NYSE:BRFS) Stock Price Down 3.7% - Time to Sell?

Shares of Brf S.A. (NYSE:BRFS - Get Free Report) fell 3.7% during trading on Thursday . The stock traded as low as $3.67 and last traded at $3.67. 574,149 shares changed hands during trading, a decline of 79% from the average session volume of 2,727,356 shares. The stock had previously closed at $3.81.

Analysts Set New Price Targets

Several brokerages have recently commented on BRFS. Wall Street Zen downgraded 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 issued a $3.50 target price (down from $5.00) on shares of BRF in a report on Monday, May 19th.

BRF Trading Up 1.4%

The business has a fifty day moving average of $3.63 and a 200-day moving average of $3.70. 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 has a market capitalization of $4.03 billion, a P/E ratio of 8.65, a PEG ratio of 0.19 and a beta of 1.33.

BRF (NYSE:BRFS - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. BRF had a return on equity of 19.66% and a net margin of 6.52%. The company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $15.78 billion. Analysts anticipate that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BRF

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted 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 in the last quarter. R Squared Ltd lifted its stake in BRF by 912.7% during the 1st quarter. R Squared Ltd now owns 11,950 shares of the company's stock valued at $41,000 after acquiring an additional 10,770 shares in the last quarter. Inspire Investing LLC bought a new position in BRF during the 1st quarter valued at $42,000. Headlands Technologies LLC bought a new position in BRF during the 4th quarter valued at $55,000. Finally, Quantbot Technologies LP lifted its stake in BRF by 50.9% during the 1st quarter. Quantbot Technologies LP now owns 19,538 shares of the company's stock valued at $67,000 after acquiring an additional 6,589 shares in 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.