Dimensional Fund Advisors LP Increases Position in Brf S.A. (NYSE:BRFS)

Dimensional Fund Advisors LP increased its stake in Brf S.A. (NYSE:BRFS) by 12.2% in the second quarter, HoldingsChannel.com reports. The firm owned 23,448 shares of the company’s stock after acquiring an additional 2,555 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BRF were worth $95,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Ninety One UK Ltd increased its holdings in shares of BRF by 13.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after purchasing an additional 216,693 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of BRF by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock valued at $3,408,000 after purchasing an additional 45,061 shares in the last quarter. Cloverfields Capital Group LP increased its holdings 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. B. Riley Wealth Advisors Inc. increased its holdings in shares of BRF by 10.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 393,000 shares of the company’s stock valued at $1,093,000 after purchasing an additional 37,000 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of BRF in the 2nd quarter valued at about $1,133,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Analysts Set New Price Targets

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

BRF Price Performance

Shares of NYSE BRFS opened at $4.15 on Wednesday. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 83.00, a PEG ratio of 0.23 and a beta of 1.94. Brf S.A. has a 52 week low of $1.95 and a 52 week high of $4.76. The company’s 50-day moving average price is $4.40 and its 200 day moving average price is $3.91. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20.

BRF (NYSE:BRFS) last released its quarterly 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 net margin of 3.61% and a return on equity of 11.51%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company earned ($0.10) EPS. As a group, research analysts forecast that Brf S.A. will post 0.47 earnings per share for the current fiscal year.

BRF 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.