Commonwealth Equity Services LLC Makes New $377,000 Investment in Brf S.A. (NYSE:BRFS)

Commonwealth Equity Services LLC acquired a new position in shares of Brf S.A. (NYSE:BRFS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 92,734 shares of the company’s stock, valued at approximately $377,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in BRF during the fourth quarter worth approximately $41,000. Bayesian Capital Management LP acquired a new position in shares of BRF in the first quarter worth about $48,000. Atomi Financial Group Inc. acquired a new position in shares of BRF in the second quarter worth about $48,000. Blue Trust Inc. bought a new stake in BRF in the second quarter valued at about $51,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BRF during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Trading Down 1.1 %

Shares of NYSE:BRFS opened at $4.56 on Monday. The company has a market cap of $4.94 billion, a P/E ratio of 91.20, a P/E/G ratio of 0.28 and a beta of 1.94. The stock’s 50-day moving average is $4.23 and its 200-day moving average is $3.79. Brf S.A. has a 52-week low of $1.83 and a 52-week high of $4.76. 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 data on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. BRF had a return on equity of 11.51% and a net margin of 3.61%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned ($0.10) earnings per share. Equities research analysts predict that Brf S.A. will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. 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 investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Company 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.