BRF (NYSE:BRFS) Trading 5.6% Higher - What's Next?

Key Points

• BRF S.A. saw its share price increase by 5.6%, closing at $3.72 after trading as high as $3.83, with a significant decrease in trading volume.
• Analysts have mixed views on BRF, with Barclays downgrading the stock price target to $3.50, while Wall Street Zen upgraded it from "hold" to "buy."
• The company reported earnings of $0.12 EPS, exceeding expectations, with a market capitalization of $3.97 billion and a PE ratio of 8.94.

Brf S.A. (NYSE:BRFS - Get Free Report)'s share price was up 5.6% on Friday . The company traded as high as $3.83 and last traded at $3.72. Approximately 1,895,127 shares traded hands during trading, a decline of 40% from the average daily volume of 3,139,275 shares. The stock had previously closed at $3.52.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BRFS shares. Barclays reaffirmed 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 raised BRF from a "hold" rating to a "buy" rating in a report on Saturday, June 28th.

BRF Stock Up 0.1%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.46. The firm has a fifty day moving average price of $3.70 and a 200 day moving average price of $3.58. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.23 and a beta of 1.35.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $15.78 billion. BRF had a return on equity of 22.05% and a net margin of 6.29%. As a group, sell-side analysts expect 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. Robeco Institutional Asset Management B.V. increased its stake in BRF by 357.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 131,785 shares of the company's stock valued at $453,000 after purchasing an additional 102,999 shares in the last quarter. GAMMA Investing LLC increased its stake in BRF by 111.7% in the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company's stock valued at $31,000 after purchasing an additional 4,792 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in BRF in the 4th quarter valued at approximately $9,258,000. The Manufacturers Life Insurance Company increased its stake in BRF by 218.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 870,300 shares of the company's stock valued at $3,542,000 after purchasing an additional 596,963 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in BRF by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company's stock valued at $31,268,000 after purchasing an additional 1,096,016 shares in the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

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.