Signaturefd LLC Increases Stake in Brf S.A. (NYSE:BRFS)

Signaturefd LLC boosted its position in Brf S.A. (NYSE:BRFS) by 13.0% during the third quarter, HoldingsChannel reports. The fund owned 31,495 shares of the company’s stock after buying an additional 3,618 shares during the quarter. Signaturefd LLC’s holdings in BRF were worth $138,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Capstone Investment Advisors LLC purchased a new stake in shares of BRF during the first quarter worth $188,000. Quantbot Technologies LP grew its holdings in BRF by 589.9% during the 1st quarter. Quantbot Technologies LP now owns 65,499 shares of the company’s stock valued at $214,000 after buying an additional 56,005 shares in the last quarter. SG Americas Securities LLC increased its position in shares of BRF by 139.9% during the first quarter. SG Americas Securities LLC now owns 88,365 shares of the company’s stock valued at $288,000 after buying an additional 51,525 shares during the period. Headlands Technologies LLC purchased a new stake in shares of BRF in the first quarter worth about $60,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of BRF in the first quarter worth about $70,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

BRF Trading Down 0.5 %

Shares of BRF stock opened at $4.30 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99. Brf S.A. has a 1 year low of $1.95 and a 1 year high of $4.76. The firm has a market cap of $4.65 billion, a PE ratio of 86.00, a PEG ratio of 0.25 and a beta of 1.94. The company has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $3.97.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BRFS shares. Bank of America upped their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Barclays upped their price target on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.