BRF (NYSE:BRFS) Trading Down 3.5% – Should You Sell?

Shares of Brf S.A. (NYSE:BRFS) fell 3.5% during trading on Wednesday . The stock traded as low as $4.06 and last traded at $4.08. 958,732 shares were traded during mid-day trading, a decline of 68% from the average session volume of 2,981,019 shares. The stock had previously closed at $4.23.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BRFS shares. Barclays boosted their price target on BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America increased their target price on 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 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Stock Down 3.8 %

The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 81.80, a PEG ratio of 0.25 and a beta of 1.94. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $4.36 and a two-hundred day moving average of $3.88.

BRF (NYSE:BRFS) last issued its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, beating 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 firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm earned ($0.10) earnings per share. As a group, analysts predict that Brf S.A. will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BRFS. Barometer Capital Management Inc. acquired a new position in shares of BRF during the fourth quarter worth about $116,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of BRF by 10.4% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 393,000 shares of the company’s stock worth $1,093,000 after purchasing an additional 37,000 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of BRF during the first quarter worth about $188,000. Quantbot Technologies LP lifted its stake in shares of BRF by 589.9% during the first quarter. Quantbot Technologies LP now owns 65,499 shares of the company’s stock worth $214,000 after purchasing an additional 56,005 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake 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 worth $288,000 after purchasing an additional 51,525 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.