BRF (NYSE:BRFS) Lowered to Hold Rating by Wall Street Zen

BRF (NYSE:BRFS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Thursday.

BRFS has been the topic of several other research reports. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Barclays reiterated an “equal weight” rating and set a $3.50 price objective (down previously from $5.00) on shares of BRF in a research report on Monday, May 19th.

BRF Stock Performance

BRF stock opened at $3.70 on Thursday. The company’s 50-day moving average price is $3.56 and its 200-day moving average price is $3.78. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The company has a market cap of $4.00 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44. BRF has a twelve month low of $2.99 and a twelve month high of $4.87.

BRF (NYSE:BRFS) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. BRF had a return on equity of 19.66% and a net margin of 6.52%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. On average, equities research analysts forecast that BRF will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On BRF

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in BRF by 111.7% during the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after acquiring an additional 4,792 shares during the period. R Squared Ltd increased its stake in BRF by 912.7% in the first quarter. R Squared Ltd now owns 11,950 shares of the company’s stock worth $41,000 after purchasing an additional 10,770 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BRF during the fourth quarter worth $43,000. PFG Investments LLC purchased a new stake in shares of BRF during the fourth quarter valued at $51,000. Finally, Headlands Technologies LLC bought a new position in shares of BRF in the fourth quarter worth about $55,000. 4.76% of the stock is currently owned by hedge funds and other 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.