Brf S.A. (NYSE:BRFS) Shares Sold by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd trimmed its holdings in Brf S.A. (NYSE:BRFS - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,867,111 shares of the company's stock after selling 362,853 shares during the quarter. BRF makes up about 9.8% of Polunin Capital Partners Ltd's portfolio, making the stock its 3rd biggest position. Polunin Capital Partners Ltd owned 1.56% of BRF worth $58,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BRFS. Arrowstreet Capital Limited Partnership bought a new stake in shares of BRF during the fourth quarter valued at approximately $9,258,000. Millennium Management LLC increased its holdings in shares of BRF by 81.3% in the 4th quarter. Millennium Management LLC now owns 4,454,095 shares of the company's stock valued at $18,128,000 after acquiring an additional 1,996,890 shares during the period. Renaissance Technologies LLC grew its stake 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. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of BRF by 75.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after purchasing an additional 913,453 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of BRF by 16.0% during the fourth quarter. Marshall Wace LLP now owns 4,975,651 shares of the company's stock valued at $20,251,000 after buying an additional 687,243 shares during the last quarter. 4.76% of the stock is currently owned by institutional investors.

BRF Stock Performance

Shares of BRF stock traded down $0.02 during trading on Wednesday, hitting $3.57. 5,359,802 shares of the company's stock were exchanged, compared to its average volume of 2,549,431. 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 business has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.74. Brf S.A. has a 52-week low of $2.99 and a 52-week high of $4.87. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.19 and a beta of 1.33.

BRF (NYSE:BRFS - Get Free Report) last announced its quarterly 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 net margin of 6.52% and a return on equity of 19.66%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $15.78 billion. On average, research analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on BRFS. Wall Street Zen downgraded BRF from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reaffirmed an "equal weight" rating and set a $3.50 target price (down previously from $5.00) on shares of BRF in a report on Monday, May 19th.

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.