366,100 Shares in Brf S.A. (NYSE:BRFS) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in shares of Brf S.A. (NYSE:BRFS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 366,100 shares of the company's stock, valued at approximately $1,490,000.

Other large investors have also made changes to their positions in the company. Integrated Quantitative Investments LLC bought a new stake in BRF in the fourth quarter valued at about $1,042,000. Arrowstreet Capital Limited Partnership bought a new stake in BRF in the fourth quarter valued at about $9,258,000. The Manufacturers Life Insurance Company increased its holdings in BRF by 218.4% in the fourth 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 during the last quarter. QRG Capital Management Inc. bought a new stake in BRF in the fourth quarter valued at about $72,000. Finally, Renaissance Technologies LLC increased its holdings in BRF by 16.6% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 4.76% of the company's stock.

BRF Stock Down 1.5%

Shares of NYSE BRFS traded down $0.06 during mid-day trading on Tuesday, reaching $3.65. 616,792 shares of the company's stock were exchanged, compared to its average volume of 2,509,334. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.19 and a beta of 1.44. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $3.76. Brf S.A. has a twelve month low of $2.99 and a twelve month high of $4.87.

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

Analyst Upgrades and Downgrades

BRFS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded BRF from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays reaffirmed an "equal weight" rating and set a $3.50 price target (down previously from $5.00) on shares of BRF in a research report on Monday, May 19th.

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.