Graham Capital Management L.P. Acquires 79,370 Shares of Brf S.A. (NYSE:BRFS)

Graham Capital Management L.P. grew its position in shares of Brf S.A. (NYSE:BRFS - Free Report) by 535.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,194 shares of the company's stock after acquiring an additional 79,370 shares during the quarter. Graham Capital Management L.P.'s holdings in BRF were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in BRF in the 4th quarter valued at $43,000. PFG Investments LLC acquired a new position in shares of BRF during the fourth quarter valued at about $51,000. Headlands Technologies LLC acquired a new position in shares of BRF during the fourth quarter valued at about $55,000. QRG Capital Management Inc. bought a new stake in shares of BRF during the fourth quarter worth about $72,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of BRF in the 4th quarter worth about $117,000. 4.76% of the stock is owned by institutional investors and hedge funds.

BRF Stock Up 0.7%

Shares of BRFS stock traded up $0.03 on Thursday, hitting $3.72. The stock had a trading volume of 2,661,410 shares, compared to its average volume of 2,474,921. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The business has a 50 day moving average of $3.54 and a 200 day moving average of $3.79. Brf S.A. has a 12-month low of $2.99 and a 12-month high of $4.87. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44.

BRF (NYSE:BRFS - Get Free Report) last issued 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. BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $15.78 billion. As a group, analysts expect that Brf S.A. will post 0.45 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on BRFS. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Wall Street Zen lowered BRF from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Barclays reaffirmed an "equal weight" rating and set a $3.50 target price (down previously from $5.00) on shares of BRF in a research report on Monday.

BRF 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.