Mount Yale Investment Advisors LLC Makes New $317,000 Investment in Brf S.A. (NYSE:BRFS)

Mount Yale Investment Advisors LLC bought a new stake in Brf S.A. (NYSE:BRFS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 72,432 shares of the company’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of BRF by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock worth $95,000 after buying an additional 2,555 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of BRF by 13.0% in the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after acquiring an additional 3,618 shares during the last quarter. Cloverfields Capital Group LP boosted its stake in shares of BRF by 0.8% in the 1st quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock valued at $1,841,000 after purchasing an additional 4,234 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of BRF by 39.9% during the 3rd quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock valued at $71,000 after purchasing an additional 4,966 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased 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 purchasing an additional 6,113 shares in the last quarter. 4.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America boosted their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Finally, Barclays increased their target price on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, BRF presently has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Price Performance

BRFS stock opened at $4.30 on Monday. The company has a market capitalization of $4.65 billion, a P/E ratio of 86.00, a PEG ratio of 0.25 and a beta of 1.94. The company has a fifty day moving average price of $4.43 and a 200-day moving average price of $3.97. 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 52-week low of $1.95 and a 52-week high of $4.76.

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

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.