BRF (NYSE:BRFS) Hits New 1-Year High at $3.46

Brf S.A. (NYSE:BRFS - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $3.46 and last traded at $3.45, with a volume of 1215164 shares. The stock had previously closed at $3.36.

Wall Street Analyst Weigh In

BRFS has been the subject of several research reports. Barclays raised BRF from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $2.50 to $4.00 in a report on Monday, March 4th. StockNews.com upgraded BRF from a "hold" rating to a "buy" rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, BRF currently has an average rating of "Hold" and an average target price of $4.00.

BRF Stock Performance

The stock has a 50 day simple moving average of $3.10 and a 200 day simple moving average of $2.73. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.13. The stock has a market cap of $3.74 billion, a P/E ratio of -18.18 and a beta of 1.95.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The company had revenue of $1.69 billion for the quarter. On average, equities analysts expect that Brf S.A. will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On BRF

Several hedge funds and other institutional investors have recently modified their holdings of BRFS. American Century Companies Inc. grew its position in BRF by 8.1% during the 1st quarter. American Century Companies Inc. now owns 215,463 shares of the company's stock worth $855,000 after acquiring an additional 16,159 shares during the last quarter. Citigroup Inc. grew its position in BRF by 88.9% during the 1st quarter. Citigroup Inc. now owns 108,025 shares of the company's stock worth $429,000 after acquiring an additional 50,844 shares during the last quarter. BlackRock Inc. grew its position in BRF by 132.8% during the 1st quarter. BlackRock Inc. now owns 5,190,782 shares of the company's stock worth $20,606,000 after acquiring an additional 2,961,528 shares during the last quarter. Northern Trust Corp grew its position in BRF by 13.6% during the 1st quarter. Northern Trust Corp now owns 304,919 shares of the company's stock worth $1,210,000 after acquiring an additional 36,464 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in BRF by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 234,231 shares of the company's stock worth $928,000 after acquiring an additional 3,936 shares during the last quarter. Institutional investors own 4.76% of the company's stock.

About BRF

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.