BRF (NYSE:BRFS) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of BRF (NYSE:BRFS) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Barclays reissued an “equal weight” rating and issued a $3.50 target price (down from $5.00) on shares of BRF in a research note on Monday, May 19th.

BRF Trading Down 0.5%

Shares of NYSE BRFS opened at $3.67 on Friday. The company has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.56. BRF has a fifty-two week low of $2.99 and a fifty-two week high of $4.87. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 1.04.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). BRF had a return on equity of 20.41% and a net margin of 5.84%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $15.29 billion. On average, analysts forecast that BRF will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRFS. GAMMA Investing LLC grew its holdings in shares of BRF by 111.7% during the first quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after buying an additional 4,792 shares during the last quarter. R Squared Ltd lifted its position in BRF by 912.7% in the 1st quarter. R Squared Ltd now owns 11,950 shares of the company’s stock valued at $41,000 after acquiring an additional 10,770 shares in the last quarter. Inspire Investing LLC purchased a new stake in BRF during the 1st quarter valued at $42,000. D Orazio & Associates Inc. purchased a new stake in BRF during the 2nd quarter valued at $46,000. Finally, Quantbot Technologies LP increased its holdings in shares of BRF by 50.9% in the 1st quarter. Quantbot Technologies LP now owns 19,538 shares of the company’s stock worth $67,000 after purchasing an additional 6,589 shares in the last quarter. 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.