BRF (NYSE:BRFS) Shares Gap Up to $9.22

Brf S.A. (NYSE:BRFS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $9.24, but opened at $9.22. BRF shares last traded at $9.05, with a volume of 136,277 shares.

Several equities research analysts have commented on BRFS shares. JPMorgan Chase & Co. raised Scor from a “neutral” rating to an “overweight” rating in a report on Thursday, June 13th. Barclays reissued a “hold” rating on shares of Mettler-Toledo International in a report on Wednesday, May 15th. Santander raised BRF from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. BRF presently has an average rating of “Buy” and an average price target of $8.58.

The company has a debt-to-equity ratio of 2.27, a current ratio of 1.21 and a quick ratio of 0.82. The business has a fifty day simple moving average of $7.63. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -16.67 and a beta of 0.80.

BRF (NYSE:BRFS) last released its earnings results on Friday, May 10th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. BRF had a negative return on equity of 30.33% and a negative net margin of 16.41%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.01 billion. Equities analysts expect that Brf S.A. will post -0.03 earnings per share for the current year.

Several large investors have recently made changes to their positions in BRFS. Clarfeld Financial Advisors LLC bought a new position in shares of BRF during the fourth quarter valued at $25,000. Citizens Financial Group Inc RI bought a new position in shares of BRF during the first quarter valued at $26,000. Quantamental Technologies LLC bought a new position in shares of BRF during the first quarter valued at $39,000. Quadrant Capital Group LLC lifted its holdings in shares of BRF by 29.1% during the first quarter. Quadrant Capital Group LLC now owns 7,672 shares of the company’s stock valued at $43,000 after purchasing an additional 1,729 shares in the last quarter. Finally, HRT Financial LLC bought a new position in shares of BRF during the fourth quarter valued at $58,000. 12.21% of the stock is currently owned by hedge funds and other institutional investors.

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, 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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