BRF (NYSE:BRFS) Shares Gap Down – What’s Next?

Brf S.A. (NYSE:BRFS)’s stock price 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 changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, BRF has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.25 and a beta of 1.90. The stock’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be issued a $0.0217 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. BRF’s payout ratio is currently 18.60%.

Institutional Investors Weigh In On BRF

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of BRF by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock worth $95,000 after purchasing an additional 2,555 shares during the last quarter. Signaturefd LLC grew its position in shares of BRF by 13.0% in the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock valued at $138,000 after purchasing an additional 3,618 shares during the last quarter. Blue Trust Inc. increased its position in BRF by 39.9% during the 3rd quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock worth $71,000 after buying an additional 4,966 shares during the period. Vanguard Personalized Indexing Management LLC raised 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 position in shares of BRF during the 3rd quarter worth approximately $27,000. 4.76% of the stock is owned by 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.