Kapitalo Investimentos Ltda Purchases Shares of 163,014 Brf S.A. (NYSE:BRFS)

Kapitalo Investimentos Ltda bought a new stake in shares of Brf S.A. (NYSE:BRFS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 163,014 shares of the company's stock, valued at approximately $663,000. BRF accounts for about 0.4% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 16th largest position.

Several other hedge funds also recently added to or reduced their stakes in BRFS. Renaissance Technologies LLC boosted its stake in shares of BRF by 16.6% in 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 during the last quarter. Marshall Wace LLP boosted its position in BRF by 16.0% in the 4th quarter. Marshall Wace LLP now owns 4,975,651 shares of the company's stock worth $20,251,000 after purchasing an additional 687,243 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of BRF during the 4th quarter worth approximately $9,258,000. Connor Clark & Lunn Investment Management Ltd. increased 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 in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of BRF by 5.3% in the 4th quarter. American Century Companies Inc. now owns 1,019,237 shares of the company's stock valued at $4,148,000 after purchasing an additional 51,581 shares during the period. 4.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BRFS shares. Citigroup upgraded shares of BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. StockNews.com raised BRF from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 24th.

BRF Price Performance

Shares of BRFS stock traded down $0.20 on Monday, reaching $3.72. 631,604 shares of the company were exchanged, compared to its average volume of 2,380,785. The business has a 50-day moving average price of $3.44 and a 200 day moving average price of $3.85. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.19 and a beta of 1.44. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45.

BRF (NYSE:BRFS - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11). The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Equities research analysts forecast that Brf S.A. will post 0.45 earnings per share for the current fiscal 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.