Commonwealth Equity Services LLC acquired a new position in shares of Brf S.A. (NYSE:BRFS – Free Report) 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.
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.
View Our Latest Research Report on BRFS
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.
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