Brf S.A. (NYSE:BRFS - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $4.35, but opened at $4.24. BRF shares last traded at $4.19, with a volume of 220,143 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded BRF from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.70.
View Our Latest Stock Report on BRF
BRF Price Performance
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 stock has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $4.22. The company has a market cap of $4.58 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.25 and a beta of 1.89.
BRF Cuts Dividend
The firm also recently disclosed a -- dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be issued a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, December 18th. BRF's dividend payout ratio is presently 18.60%.
Institutional Trading of BRF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its holdings in BRF by 534.6% in the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company's stock valued at $18,816,000 after buying an additional 3,894,533 shares in the last quarter. Renaissance Technologies LLC increased its stake in BRF by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company's stock valued at $23,170,000 after purchasing an additional 2,056,054 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in BRF by 660.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company's stock worth $5,281,000 after purchasing an additional 1,049,373 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in BRF in the second quarter valued at $1,133,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of BRF during the 2nd quarter worth $927,000. Institutional investors and hedge funds own 4.76% of the company's stock.
About BRF
(
Get Free Report)
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.
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