Arrowstreet Capital Limited Partnership Acquires Shares of 2,274,634 Brf S.A. (NYSE:BRFS)

Arrowstreet Capital Limited Partnership bought a new position in Brf S.A. (NYSE:BRFS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,274,634 shares of the company's stock, valued at approximately $9,258,000. Arrowstreet Capital Limited Partnership owned 0.21% of BRF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navellier & Associates Inc. lifted its holdings in BRF by 2.6% in the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock worth $955,000 after buying an additional 5,977 shares during the period. TD Private Client Wealth LLC bought a new position in shares of BRF during the third quarter valued at approximately $27,000. Blue Trust Inc. lifted its stake in BRF by 55.8% in the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock worth $118,000 after acquiring an additional 9,709 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in BRF in the fourth quarter valued at $43,000. Finally, PFG Investments LLC purchased a new position in BRF during the 4th quarter valued at $51,000. 4.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BRFS. StockNews.com cut shares of BRF from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BRF presently has an average rating of "Moderate Buy" and a consensus price target of $10.70.

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BRF Stock Up 1.9 %

BRF stock traded up $0.07 on Friday, hitting $3.48. 1,686,127 shares of the stock traded hands, compared to its average volume of 2,466,405. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. The firm has a market cap of $3.76 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The business's fifty day simple moving average is $3.36 and its 200 day simple moving average is $3.91.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.72 billion. As a group, sell-side analysts forecast that Brf S.A. will post 0.45 earnings per share for the current year.

BRF Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.