BRF (NYSE:BRFS) Shares Gap Down to $3.33

Brf S.A. (NYSE:BRFS - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $3.33, but opened at $3.23. BRF shares last traded at $3.27, with a volume of 1,021,879 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BRFS. JPMorgan Chase & Co. upgraded BRF from a "neutral" rating to an "overweight" rating in a research report on Monday, April 15th. The Goldman Sachs Group upgraded BRF from a "sell" rating to a "neutral" rating and raised their price target for the stock from $1.90 to $3.10 in a research report on Monday, April 15th. StockNews.com upgraded BRF from a "hold" rating to a "buy" rating in a research report on Friday, March 1st. Finally, Barclays upgraded BRF from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $2.50 to $4.00 in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $3.55.

BRF Price Performance

The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -16.95 and a beta of 1.86. 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 company has a 50 day moving average of $3.28 and a 200 day moving average of $2.90.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $1.69 billion for the quarter. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. Equities research analysts predict that Brf S.A. will post 0.21 EPS for the current fiscal year.

Institutional Trading of BRF

Several hedge funds have recently added to or reduced their stakes in BRFS. Intelligence Driven Advisers LLC acquired a new stake in shares of BRF in the 4th quarter valued at about $30,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of BRF in the 4th quarter valued at about $41,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRF in the 4th quarter valued at about $53,000. Jump Financial LLC acquired a new stake in shares of BRF in the 4th quarter valued at about $66,000. Finally, Greytown Advisors Inc. acquired a new stake in shares of BRF in the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 4.76% of the company's stock.

BRF Company Profile

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.