Norges Bank Invests $1.60 Million in Brf S.A. (NYSE:BRFS)

Norges Bank bought a new stake in Brf S.A. (NYSE:BRFS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 393,370 shares of the company's stock, valued at approximately $1,601,000.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of BRF by 75.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock worth $8,636,000 after buying an additional 913,453 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in BRF during the third quarter worth $826,000. XTX Topco Ltd increased its position in BRF by 142.6% in the 3rd quarter. XTX Topco Ltd now owns 113,266 shares of the company's stock valued at $495,000 after buying an additional 66,583 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of BRF by 5.3% during the fourth quarter. American Century Companies Inc. now owns 1,019,237 shares of the company's stock valued at $4,148,000 after acquiring an additional 51,581 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in BRF during the fourth quarter worth $117,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRFS has been the subject of a number of recent analyst reports. StockNews.com downgraded BRF from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd.

BRF Stock Up 3.9 %

Shares of NYSE:BRFS traded up $0.14 during trading on Thursday, hitting $3.64. The stock had a trading volume of 567,861 shares, compared to its average volume of 2,436,590. The firm's fifty day moving average is $3.35 and its 200 day moving average is $3.89. The company has a market capitalization of $3.93 billion, a PE ratio of 8.41, a PEG ratio of 0.19 and a beta of 1.51. 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 12 month low of $2.99 and a 12 month high of $4.87.

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

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.