Brf S.A. (NYSE:BRFS) Short Interest Update

Brf S.A. (NYSE:BRFS - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 12,960,000 shares, a growth of 175.2% from the May 15th total of 4,710,000 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 3,220,000 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Trading of BRF

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in BRF by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company's stock worth $31,268,000 after purchasing an additional 1,096,016 shares during the last quarter. Millennium Management LLC increased its stake in shares of BRF by 26.5% in the first quarter. Millennium Management LLC now owns 5,634,548 shares of the company's stock worth $19,383,000 after purchasing an additional 1,180,453 shares during the period. Marshall Wace LLP lifted its position in shares of BRF by 16.0% during the 4th quarter. Marshall Wace LLP now owns 4,975,651 shares of the company's stock worth $20,251,000 after purchasing an additional 687,243 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of BRF during the 4th quarter worth about $9,258,000. Finally, Two Sigma Investments LP boosted its stake in BRF by 4.3% during the 4th quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company's stock valued at $9,025,000 after purchasing an additional 91,268 shares during the period. Institutional investors and hedge funds own 4.76% of the company's stock.

BRF Stock Down 0.9%

Shares of NYSE BRFS traded down $0.04 during mid-day trading on Monday, reaching $3.68. The company had a trading volume of 3,666,391 shares, compared to its average volume of 2,789,380. 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 $3.98 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.19 and a beta of 1.33. The stock has a fifty day moving average of $3.63 and a two-hundred day moving average of $3.70. BRF has a 12-month low of $2.99 and a 12-month high of $4.87.

BRF (NYSE:BRFS - Get Free Report) last released 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. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $15.78 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. As a group, equities research analysts expect that BRF will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.