BRF (NYSE:BRFS) Shares Gap Down – Time to Sell?

Brf S.A. (NYSE:BRFS)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.75, but opened at $3.58. BRF shares last traded at $3.55, with a volume of 401,131 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, BRF presently has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Trading Down 1.2 %

The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The business’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $4.24. The stock has a market cap of $3.98 billion, a P/E ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.88.

BRF Cuts Dividend

The business also recently announced a — dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a dividend of $0.0217 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio (DPR) is presently 20.93%.

Institutional Investors Weigh In On BRF

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 2,555 shares during the last quarter. Signaturefd LLC boosted its stake in BRF by 13.0% in the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after purchasing an additional 3,618 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of BRF by 39.9% during the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock worth $71,000 after purchasing an additional 4,966 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of BRF by 36.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock valued at $92,000 after buying an additional 6,113 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new position in shares of BRF in the third quarter valued at about $27,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

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.