BRF (NYSE:BRFS) Shares Gap Down – Time to Sell?

Brf S.A. (NYSE:BRFS) gapped down before the market opened on Tuesday . The stock had previously closed at $4.36, but opened at $4.23. BRF shares last traded at $4.27, with a volume of 216,775 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently commented on BRFS. Bank of America raised their price objective 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 raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Finally, Barclays raised their price objective on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Stock Up 1.6 %

The business’s 50 day moving average is $4.34 and its 200-day moving average is $4.12. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.23 and a beta of 1.93. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45.

BRF Increases Dividend

The business also recently declared a — dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 27th will be paid a $0.1001 dividend. The ex-dividend date is Wednesday, November 27th. This represents a yield of 1.8%. This is a boost from BRF’s previous — dividend of $0.03. BRF’s dividend payout ratio (DPR) is currently 16.28%.

Institutional Investors Weigh In On BRF

A number of institutional investors have recently added to or reduced their stakes in BRFS. TD Private Client Wealth LLC acquired a new stake in BRF in the 3rd quarter valued at $27,000. Bayesian Capital Management LP purchased a new position in BRF in the 1st quarter valued at $48,000. Atomi Financial Group Inc. purchased a new position in BRF in the 2nd quarter valued at $48,000. Blue Trust Inc. purchased a new position in BRF in the 2nd quarter valued at $51,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in BRF in the 2nd quarter valued at $58,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.