Brf S.A. (NYSE:BRFS) Stock Holdings Lifted by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its position in Brf S.A. (NYSE:BRFS) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 386,300 shares of the company’s stock after acquiring an additional 30,300 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BRF were worth $1,572,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in BRF by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock valued at $95,000 after purchasing an additional 2,555 shares during the period. Cloverfields Capital Group LP lifted its stake in BRF by 0.8% in the 1st quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock worth $1,841,000 after acquiring an additional 4,234 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in BRF by 36.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock worth $92,000 after acquiring an additional 6,113 shares during the period. Atomi Financial Group Inc. purchased a new position in BRF during the 2nd quarter valued at about $48,000. Finally, Blue Trust Inc. acquired a new position in shares of BRF in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Price Performance

Shares of BRFS opened at $4.41 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.99 and a current ratio of 1.45. The firm has a market cap of $4.77 billion, a PE ratio of 88.20, a PEG ratio of 0.26 and a beta of 1.94. Brf S.A. has a twelve month low of $1.94 and a twelve month high of $4.76. The firm’s 50 day moving average price is $4.32 and its 200 day moving average price is $3.85.

BRF (NYSE:BRFS) last released its quarterly earnings data on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.55 billion. BRF had a net margin of 3.61% and a return on equity of 11.51%. During the same quarter in the previous year, the business earned ($0.10) EPS. As a group, research analysts expect that Brf S.A. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BRFS. Bank of America boosted their price objective on shares of BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Barclays lifted their price objective on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

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.