BRF SA (NYSE:BRFS) reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $6.35 and last traded at $6.47, with a volume of 2335152 shares traded. The stock had previously closed at $6.60.
BRFS has been the topic of several recent research reports. Zacks Investment Research downgraded BRF from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. TheStreet downgraded BRF from a “c-” rating to a “d+” rating in a research report on Thursday, February 8th. Bank of America downgraded BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 6th. JPMorgan Chase downgraded BRF from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. Finally, ValuEngine upgraded BRF from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.00.
The firm has a market capitalization of $5,537.10, a price-to-earnings ratio of -40.13 and a beta of 0.77. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.85 and a current ratio of 1.29.
Several institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its holdings in shares of BRF by 51.2% in the fourth quarter. Macquarie Group Ltd. now owns 7,686,743 shares of the company’s stock worth $86,549,000 after purchasing an additional 2,602,355 shares during the period. Wells Fargo & Company MN increased its holdings in shares of BRF by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 4,634,547 shares of the company’s stock worth $52,185,000 after purchasing an additional 863,527 shares during the period. Oaktree Capital Management LP increased its holdings in shares of BRF by 29.9% in the fourth quarter. Oaktree Capital Management LP now owns 3,977,774 shares of the company’s stock worth $44,790,000 after purchasing an additional 914,776 shares during the period. INCA Investments LLC increased its holdings in shares of BRF by 12.8% in the fourth quarter. INCA Investments LLC now owns 3,870,500 shares of the company’s stock worth $43,582,000 after purchasing an additional 440,000 shares during the period. Finally, BT Investment Management Ltd increased its holdings in shares of BRF by 9.5% in the fourth quarter. BT Investment Management Ltd now owns 2,200,173 shares of the company’s stock worth $24,774,000 after purchasing an additional 190,339 shares during the period. 7.60% of the stock is currently owned by hedge funds and other institutional investors.
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BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.
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