BRF (NYSE:BRFS) Trading Down 2.1% – Time to Sell?

Brf S.A. (NYSE:BRFS)’s stock price was down 2.1% during mid-day trading on Thursday . The stock traded as low as $4.18 and last traded at $4.18. Approximately 408,849 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 2,871,236 shares. The stock had previously closed at $4.27.

Wall Street Analysts Forecast Growth

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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.70.

BRF Trading Down 1.9 %

The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $4.38 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.25 and a beta of 1.90. The business’s fifty day simple moving average is $4.37 and its two-hundred day simple moving average is $4.23.

BRF Cuts Dividend

The company also recently announced a — dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be given a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, December 18th. BRF’s dividend payout ratio (DPR) is presently 18.60%.

Hedge Funds Weigh In On BRF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new stake in shares of BRF during the 3rd quarter worth approximately $27,000. Public Employees Retirement System of Ohio bought a new position in BRF in the third quarter worth $826,000. XTX Topco Ltd boosted its stake in BRF by 142.6% during the third quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock worth $495,000 after buying an additional 66,583 shares in the last quarter. State Street Corp increased its holdings in BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock valued at $4,396,000 after buying an additional 22,608 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of BRF in the 3rd quarter valued at $186,000. 4.76% of the stock is currently owned by 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.