BRF (NYSE:BRFS) Shares Gap Up - Still a Buy?

Brf S.A. (NYSE:BRFS - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.54, but opened at $3.69. BRF shares last traded at $3.73, with a volume of 121,678 shares changing hands.

Wall Street Analyst Weigh In

BRFS has been the subject of several research analyst reports. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. StockNews.com downgraded shares of BRF from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th.

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 company has a market capitalization of $4.05 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The stock's 50-day moving average is $3.35 and its two-hundred day moving average is $3.87.

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

Hedge Funds Weigh In On BRF

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of BRF by 111.7% in the first quarter. GAMMA Investing LLC now owns 9,082 shares of the company's stock valued at $31,000 after purchasing an additional 4,792 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in BRF in the 4th quarter valued at about $43,000. PFG Investments LLC purchased a new position in BRF in the fourth quarter worth approximately $51,000. Headlands Technologies LLC acquired a new position in shares of BRF during the fourth quarter worth $55,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of BRF during the 4th quarter worth about $72,000. Hedge funds and other institutional investors 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.

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