BRF Target of Unusually Large Options Trading (BRFS)

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Brf S.A. (NYSE:BRFS) was the target of some unusual options trading activity on Tuesday. Investors acquired 769 put options on the stock. This represents an increase of 1,438% compared to the average daily volume of 50 put options.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in BRF by 16.7% in the first quarter. Baillie Gifford & Co. now owns 20,229,356 shares of the company’s stock valued at $117,735,000 after acquiring an additional 2,893,224 shares in the last quarter. Wells Fargo & Company MN raised its holdings in BRF by 9.9% in the first quarter. Wells Fargo & Company MN now owns 12,653,095 shares of the company’s stock valued at $73,641,000 after acquiring an additional 1,144,501 shares in the last quarter. BlackRock Inc. raised its holdings in BRF by 297.3% in the first quarter. BlackRock Inc. now owns 10,713,167 shares of the company’s stock valued at $62,351,000 after acquiring an additional 8,016,987 shares in the last quarter. Macquarie Group Ltd. raised its holdings in BRF by 14.1% in the fourth quarter. Macquarie Group Ltd. now owns 10,343,541 shares of the company’s stock valued at $58,751,000 after acquiring an additional 1,277,711 shares in the last quarter. Finally, INCA Investments LLC raised its holdings in BRF by 35.8% in the first quarter. INCA Investments LLC now owns 10,318,069 shares of the company’s stock valued at $60,051,000 after acquiring an additional 2,721,910 shares in the last quarter. 10.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BRFS stock opened at $7.42 on Wednesday. The firm has a market capitalization of $6.30 billion, a PE ratio of -13.74 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 2.27. BRF has a twelve month low of $4.65 and a twelve month high of $8.12.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. BRF had a negative net margin of 16.41% and a negative return on equity of 30.47%. On average, research analysts predict that BRF will post -0.04 EPS for the current year.

BRFS has been the subject of several analyst reports. ValuEngine upgraded shares of BRF from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Barclays restated a “buy” rating and issued a $7.00 target price on shares of BRF in a research note on Sunday, March 3rd. Zacks Investment Research upgraded shares of BRF from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Santander upgraded shares of BRF from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $8.88.

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BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.

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