BRF (NYSE:BRFS) Shares Gap Up - Time to Buy?

Brf S.A. (NYSE:BRFS - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.41, but opened at $3.49. BRF shares last traded at $3.56, with a volume of 168,430 shares traded.

Wall Street Analyst Weigh In

BRFS has been the subject of a number of research reports. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. StockNews.com downgraded BRF from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $10.70.

BRF Stock Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The stock has a market cap of $3.70 billion, a PE ratio of 7.94, a P/E/G ratio of 0.19 and a beta of 1.90. The firm's 50-day moving average is $3.45 and its 200 day moving average is $4.00.

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

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Institutional Trading of BRF

A number of hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. purchased a new stake in shares of BRF during the fourth quarter worth approximately $72,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in BRF by 75.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after buying an additional 913,453 shares during the period. Blue Trust Inc. raised its position in BRF by 55.8% during the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock worth $118,000 after buying an additional 9,709 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of BRF in the 3rd quarter worth $826,000. Finally, State Street Corp boosted its holdings in shares of BRF by 2.3% in the third quarter. State Street Corp now owns 1,006,059 shares of the company's stock valued at $4,396,000 after acquiring an additional 22,608 shares in the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

About BRF

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.