BRF (NYSE:BRFS) Trading Down 4.2% – Time to Sell?

Brf S.A. (NYSE:BRFS) traded down 4.2% during trading on Monday . The stock traded as low as $3.04 and last traded at $3.05. 193,560 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,531,620 shares. The stock had previously closed at $3.18.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, BRF has an average rating of “Buy” and a consensus price target of $10.70.

BRF Trading Up 8.0 %

The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The firm’s 50 day moving average is $3.52 and its 200 day moving average is $4.06. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last released its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a net margin of 6.52% and a return on equity of 19.66%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. Equities analysts forecast that Brf S.A. will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On BRF

Several hedge funds have recently made changes to their positions in BRFS. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BRF in the 4th quarter valued at approximately $9,258,000. Millennium Management LLC lifted its position in shares of BRF by 81.3% in the 4th quarter. Millennium Management LLC now owns 4,454,095 shares of the company’s stock valued at $18,128,000 after acquiring an additional 1,996,890 shares in the last quarter. Renaissance Technologies LLC lifted its position in BRF by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock worth $31,268,000 after buying an additional 1,096,016 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in BRF by 660.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock worth $5,281,000 after buying an additional 1,049,373 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in BRF by 16.0% in the 4th quarter. Marshall Wace LLP now owns 4,975,651 shares of the company’s stock worth $20,251,000 after buying an additional 687,243 shares in the last quarter. Hedge funds and other institutional investors 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.