BRF (NYSE:BRFS) Shares Gap Down – Here’s Why

Shares of Brf S.A. (NYSE:BRFS) gapped down prior to trading on Monday . The stock had previously closed at $4.35, but opened at $4.24. BRF shares last traded at $4.19, with a volume of 220,143 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Two 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Stock Performance

The stock has a market cap of $4.62 billion, a PE ratio of 9.93, a PEG ratio of 0.25 and a beta of 1.90. The company’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $4.23. 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 Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be given a dividend of $0.0217 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio is presently 18.60%.

Institutional Investors Weigh In On BRF

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in BRF by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock valued at $95,000 after buying an additional 2,555 shares during the last quarter. Signaturefd LLC lifted its holdings in BRF by 13.0% during the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after buying an additional 3,618 shares during the period. Blue Trust Inc. grew its holdings in BRF by 39.9% in the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock worth $71,000 after purchasing an additional 4,966 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in BRF by 36.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock worth $92,000 after purchasing an additional 6,113 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in BRF during the 3rd quarter valued at approximately $27,000. 4.76% of the stock is currently owned by institutional investors.

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.