Two Sigma Advisers LP Acquires 348,600 Shares of Brf S.A. (NYSE:BRFS)

Two Sigma Advisers LP increased its holdings in shares of Brf S.A. (NYSE:BRFS - Free Report) by 111.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 662,300 shares of the company's stock after acquiring an additional 348,600 shares during the period. Two Sigma Advisers LP owned about 0.06% of BRF worth $2,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PFG Investments LLC acquired a new stake in BRF in the fourth quarter worth about $51,000. Headlands Technologies LLC bought a new position in shares of BRF in the 4th quarter valued at about $55,000. QRG Capital Management Inc. bought a new position in shares of BRF in the fourth quarter valued at $72,000. Robeco Institutional Asset Management B.V. bought a new position in BRF during the fourth quarter worth about $117,000. Finally, Blue Trust Inc. lifted its stake in shares of BRF by 55.8% during the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock worth $118,000 after buying an additional 9,709 shares during the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRFS has been the subject of several recent analyst reports. Wall Street Zen cut BRF from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays restated 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.

BRF Stock Down 2.0%

BRF stock traded down $0.07 during midday trading on Friday, reaching $3.50. The stock had a trading volume of 1,764,546 shares, compared to its average volume of 2,526,222. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87. The company has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $3.76. The company has a market capitalization of $3.79 billion, a P/E ratio of 8.14, a PEG ratio of 0.19 and a beta of 1.44.

BRF (NYSE:BRFS - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, beating 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 net margin of 6.52% and a return on equity of 19.66%. As a group, equities analysts expect that Brf S.A. will post 0.45 EPS for the current fiscal year.

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.