BRF S.A. common stock (BRFS) Stock Price Down 1.8%

Shares of BRF S.A. common stock (NYSE:BRFS) dropped 1.8% during trading on Monday . The stock traded as low as $5.26 and last traded at $5.18. Approximately 222,227 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,951,287 shares. The stock had previously closed at $5.09.

Several analysts have recently issued reports on BRFS shares. ValuEngine upgraded shares of BRF S.A. common stock from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Barclays restated a “hold” rating and set a $7.00 target price on shares of BRF S.A. common stock in a research report on Monday, May 14th. Finally, Bank of America upgraded shares of BRF S.A. common stock from a “neutral” rating to a “buy” rating in a research report on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.50.

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.85 and a current ratio of 1.29. The stock has a market cap of $4.40 billion, a PE ratio of -33.00 and a beta of 0.88.



Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of BRF S.A. common stock by 75.7% during the 2nd quarter. Wells Fargo & Company MN now owns 11,642,292 shares of the company’s stock valued at $54,486,000 after buying an additional 5,015,200 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of BRF S.A. common stock by 1.9% during the 2nd quarter. Macquarie Group Ltd. now owns 8,830,053 shares of the company’s stock valued at $41,325,000 after buying an additional 163,523 shares in the last quarter. Pendal Group Ltd raised its position in shares of BRF S.A. common stock by 3.6% during the 1st quarter. Pendal Group Ltd now owns 2,278,772 shares of the company’s stock valued at $15,769,000 after buying an additional 78,599 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of BRF S.A. common stock during the 1st quarter valued at about $12,059,000. Finally, Baillie Gifford & Co. purchased a new stake in shares of BRF S.A. common stock during the 2nd quarter valued at about $7,732,000. Hedge funds and other institutional investors own 7.08% of the company’s stock.

About BRF S.A. common stock (NYSE:BRFS)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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