BRF SA (NYSE:BRFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
According to Zacks, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed. “
Separately, JPMorgan Chase & Co. raised BRF SA from a “neutral” rating to an “overweight” rating and set a $14.00 target price on the stock in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.00.
BRF SA (NYSE:BRFS) traded down 0.89% during mid-day trading on Monday, reaching $16.74. The company had a trading volume of 1,363,700 shares. The stock’s 50-day moving average price is $16.73 and its 200 day moving average price is $14.75. The firm has a market capitalization of $13.37 billion, a PE ratio of 18.89 and a beta of 1.08. BRF SA has a 52 week low of $11.05 and a 52 week high of $18.33.
BRF SA (NYSE:BRFS) last released its quarterly earnings data on Friday, July 29th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.28 by $0.27. On average, equities research analysts predict that BRF SA will post $1.21 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in BRF SA by 39.5% in the second quarter. Macquarie Group Ltd. now owns 2,554,773 shares of the company’s stock worth $35,590,000 after buying an additional 723,841 shares during the last quarter. Cohen & Steers Inc. boosted its stake in BRF SA by 112.2% in the second quarter. Cohen & Steers Inc. now owns 119,100 shares of the company’s stock worth $1,659,000 after buying an additional 62,978 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in BRF SA by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 459,741 shares of the company’s stock worth $6,405,000 after buying an additional 12,886 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in BRF SA during the second quarter worth $235,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in BRF SA during the second quarter worth $15,580,000. 7.39% of the stock is owned by hedge funds and other institutional investors.
BRF SA Company Profile
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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