Acadian Asset Management LLC Acquires Shares of 279,188 Brf S.A. (NYSE:BRFS)

Acadian Asset Management LLC purchased a new position in Brf S.A. (NYSE:BRFS) in the second quarter, Holdings Channel reports. The fund purchased 279,188 shares of the company’s stock, valued at approximately $1,133,000.

Other hedge funds have also made changes to their positions in the company. Boston Partners purchased a new stake in shares of BRF in the fourth quarter worth approximately $118,000. Natixis Advisors LLC purchased a new stake in shares of BRF in the second quarter worth approximately $496,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BRF in the fourth quarter worth approximately $53,000. Bayesian Capital Management LP purchased a new stake in shares of BRF in the first quarter worth approximately $48,000. Finally, Ninety One UK Ltd lifted its position in shares of BRF by 13.9% in the second quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock worth $7,229,000 after purchasing an additional 216,693 shares in the last quarter. 4.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRFS has been the subject of a number of research analyst reports. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Barclays increased their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Bank of America increased their price objective on BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Trading Up 1.8 %

NYSE:BRFS opened at $4.45 on Monday. The stock’s 50 day moving average price is $4.18 and its 200 day moving average price is $3.74. Brf S.A. has a 52 week low of $1.83 and a 52 week high of $4.76. The company has a market capitalization of $4.82 billion, a P/E ratio of 89.00, a P/E/G ratio of 0.27 and a beta of 1.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.99 and a current ratio of 1.45.

BRF (NYSE:BRFS) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. BRF had a net margin of 3.61% and a return on equity of 11.51%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. On average, research analysts forecast that Brf S.A. will post 0.43 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.