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

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

Several other institutional investors have also recently bought and sold shares of the business. Integrated Quantitative Investments LLC acquired a new stake in shares of BRF in the 4th quarter valued at approximately $1,042,000. Arrowstreet Capital Limited Partnership acquired a new stake in BRF in the fourth quarter valued at approximately $9,258,000. The Manufacturers Life Insurance Company grew its stake in shares of BRF by 218.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 870,300 shares of the company's stock worth $3,542,000 after buying an additional 596,963 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of BRF during the fourth quarter worth $72,000. Finally, Renaissance Technologies LLC increased its holdings in shares of BRF by 16.6% during the fourth quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company's stock worth $31,268,000 after buying an additional 1,096,016 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company's stock.

Analyst Upgrades and Downgrades

BRFS has been the topic of a number of research reports. StockNews.com lowered BRF from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Barclays reissued an "equal weight" rating and set a $3.50 price target (down from $5.00) on shares of BRF in a research note on Monday. Finally, Citigroup raised BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd.

BRF Stock Performance

NYSE BRFS opened at $3.70 on Thursday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.19 and a beta of 1.44. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. Brf S.A. has a twelve month low of $2.99 and a twelve month high of $4.87. The stock has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $3.79.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $15.78 billion. Sell-side analysts expect that Brf S.A. will post 0.45 EPS for the current year.

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.

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