Walleye Capital LLC Takes $1.66 Million Position in Brf S.A. (NYSE:BRFS)

Walleye Capital LLC bought a new stake in Brf S.A. (NYSE:BRFS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 408,775 shares of the company's stock, valued at approximately $1,664,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BRF during the 4th quarter valued at $43,000. PFG Investments LLC bought a new stake in shares of BRF during the fourth quarter valued at about $51,000. Headlands Technologies LLC purchased a new stake in shares of BRF in the fourth quarter worth about $55,000. QRG Capital Management Inc. bought a new position in shares of BRF in the fourth quarter valued at approximately $72,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in BRF during the 4th quarter worth approximately $117,000. 4.76% of the stock is owned by institutional investors.

BRF Price Performance

Shares of NYSE BRFS traded up $0.13 during trading hours on Friday, reaching $3.96. 1,409,022 shares of the stock traded hands, compared to its average volume of 2,404,731. The company's 50-day simple moving average is $3.37 and its two-hundred day simple moving average is $3.87. The company has a market capitalization of $4.28 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. Brf S.A. has a 52-week low of $2.99 and a 52-week high of $4.87. 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 (NYSE:BRFS - Get Free Report) last announced its quarterly earnings data 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). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion. Equities research analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

About BRF

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.