BRF (NYSE:BRFS) Shares Gap Up to $2.50

Brf S.A. (NYSE:BRFSGet Rating) shares gapped up prior to trading on Thursday . The stock had previously closed at $2.50, but opened at $2.60. BRF shares last traded at $2.56, with a volume of 40,247 shares changing hands.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered BRF from a “neutral” rating to an “underweight” rating in a research report on Thursday, May 5th. StockNews.com assumed coverage on BRF in a research note on Thursday, March 31st. They set a “hold” rating for the company. TheStreet cut BRF from a “c” rating to a “d” rating in a research note on Thursday, May 5th. Finally, The Goldman Sachs Group downgraded BRF from a “neutral” rating to a “sell” rating in a report on Monday, April 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, BRF presently has an average rating of “Hold” and an average price target of $6.10.

The stock has a fifty day simple moving average of $2.84 and a 200-day simple moving average of $3.42. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 1.55. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -12.18 and a beta of 1.74.

BRF (NYSE:BRFSGet Rating) last posted its earnings results on Wednesday, May 4th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.23). BRF had a negative return on equity of 11.50% and a negative net margin of 2.42%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $12 billion. Sell-side analysts forecast that Brf S.A. will post -0.05 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Wetherby Asset Management Inc. raised its holdings in BRF by 20.2% during the fourth quarter. Wetherby Asset Management Inc. now owns 17,648 shares of the company’s stock worth $72,000 after acquiring an additional 2,962 shares in the last quarter. Hsbc Holdings PLC lifted its stake in BRF by 1.7% during the first quarter. Hsbc Holdings PLC now owns 234,231 shares of the company’s stock worth $928,000 after purchasing an additional 3,936 shares during the last quarter. Brinker Capital Investments LLC lifted its stake in shares of BRF by 4.9% in the 4th quarter. Brinker Capital Investments LLC now owns 92,021 shares of the company’s stock valued at $376,000 after acquiring an additional 4,306 shares during the last quarter. Gould Asset Management LLC CA lifted its stake in shares of BRF by 18.9% in the 4th quarter. Gould Asset Management LLC CA now owns 43,385 shares of the company’s stock valued at $177,000 after acquiring an additional 6,895 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in BRF by 4.0% in the fourth quarter. American Century Companies Inc. now owns 199,304 shares of the company’s stock valued at $815,000 after purchasing an additional 7,695 shares during the period. Hedge funds and other institutional investors own 7.20% of the company’s stock.

BRF Company Profile (NYSE:BRFS)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.

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