BRF (NYSE:BRFS) Shares Gap Down - Should You Sell?

Brf S.A. (NYSE:BRFS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.31, but opened at $4.16. BRF shares last traded at $4.15, with a volume of 238,158 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com lowered BRF from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th. Barclays lifted their price target on BRF from $4.50 to $5.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Finally, Bank of America raised their target price on shares of BRF from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.70.

BRF Stock Down 4.2 %

The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. The firm has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $4.08.

BRF Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be given a $0.1001 dividend. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 1.8%. This is a positive change from BRF's previous -- dividend of $0.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of BRF by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company's stock valued at $23,170,000 after buying an additional 2,056,054 shares during the period. Marshall Wace LLP raised its stake in shares of BRF by 534.6% during the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company's stock valued at $18,816,000 after purchasing an additional 3,894,533 shares during the period. Ninety One UK Ltd lifted its position in shares of BRF by 13.9% during the second quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company's stock worth $7,229,000 after purchasing an additional 216,693 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BRF by 660.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company's stock valued at $5,281,000 after purchasing an additional 1,049,373 shares during the period. Finally, State Street Corp grew its holdings in BRF by 2.3% during the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company's stock valued at $4,396,000 after purchasing an additional 22,608 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company's stock.

BRF Company 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.