Brf S.A. (NYSE:BRFS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Brf S.A. (NYSE:BRFS) by 81.8% in the second quarter, Holdings Channel.com reports. The fund owned 30,301 shares of the company’s stock after selling 136,324 shares during the quarter. Rhumbline Advisers’ holdings in BRF were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BRFS. Polunin Capital Partners Ltd boosted its position in shares of BRF by 10.3% in the 1st quarter. Polunin Capital Partners Ltd now owns 17,945,401 shares of the company’s stock worth $58,502,000 after buying an additional 1,670,646 shares in the last quarter. Ninety One UK Ltd grew 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 valued at $7,229,000 after purchasing an additional 216,693 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of BRF during the 2nd quarter worth approximately $496,000. Commonwealth Equity Services LLC acquired a new position in shares of BRF during the 2nd quarter worth approximately $377,000. Finally, Capstone Investment Advisors LLC purchased a new stake in BRF in the 1st quarter valued at approximately $188,000. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

BRF Stock Down 2.9 %

BRFS opened at $4.35 on Tuesday. The firm has a 50 day moving average price of $4.29 and a 200 day moving average price of $3.83. 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 S.A. has a 1 year low of $1.94 and a 1 year high of $4.76. The company has a market cap of $4.71 billion, a PE ratio of 87.00, a price-to-earnings-growth ratio of 0.26 and a beta of 1.94.

BRF (NYSE:BRFS) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.11 EPS for the quarter, topping 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 analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Sell-side analysts expect that Brf S.A. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRFS has been the topic of a number of analyst reports. Barclays increased their price objective on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America upped their price target on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, BRF presently has a consensus 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.