BRF (NYSE:BRFS) Shares Gap Up to $3.19

Brf S.A. (NYSE:BRFS - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.19, but opened at $3.35. BRF shares last traded at $3.42, with a volume of 1,186,114 shares changing hands.

Analyst Upgrades and Downgrades

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

BRF Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The company's 50-day moving average is $3.12 and its two-hundred day moving average is $2.76. The company has a market capitalization of $3.76 billion, a P/E ratio of -18.00 and a beta of 1.95.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda grew its position in BRF by 88.9% during the fourth quarter. Kapitalo Investimentos Ltda now owns 5,738,575 shares of the company's stock valued at $15,953,000 after acquiring an additional 2,700,313 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of BRF by 10.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 393,000 shares of the company's stock worth $1,093,000 after purchasing an additional 37,000 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of BRF by 954.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 589,152 shares of the company's stock worth $1,638,000 after purchasing an additional 533,254 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of BRF by 60.6% in the fourth quarter. Vident Advisory LLC now owns 33,192 shares of the company's stock worth $92,000 after purchasing an additional 12,530 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of BRF in the fourth quarter worth approximately $144,000. 4.76% of the stock is currently owned by institutional investors.

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.