BRF (NYSE:BRFS) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of BRF (NYSE:BRFS) from a buy rating to a strong-buy rating in a research note released on Wednesday.

BRFS has been the topic of a number of other research reports. Barclays upped their price target 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. Bank of America upped their target price on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given 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.

BRF Price Performance

Shares of BRFS stock opened at $4.34 on Wednesday. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 10.09, 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. The stock’s 50-day simple moving average is $4.36 and its 200-day simple moving average is $4.10. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76.

BRF Increases Dividend

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

Institutional Trading of BRF

Several large investors have recently made changes to their positions in BRFS. TD Private Client Wealth LLC purchased a new position in shares of BRF during the third quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new stake in BRF during the 3rd quarter worth about $826,000. XTX Topco Ltd raised its stake in shares of BRF by 142.6% during the 3rd quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock valued at $495,000 after buying an additional 66,583 shares during the last quarter. State Street Corp lifted its holdings in shares of BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock valued at $4,396,000 after buying an additional 22,608 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of BRF in the third quarter worth about $186,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

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.