Shares of Brf S.A. (NYSE:BRFS - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.13, but opened at $4.24. BRF shares last traded at $4.27, with a volume of 187,996 shares.
Analysts Set New Price Targets
A number of brokerages recently weighed in on BRFS. Barclays raised their price objective on BRF from $4.50 to $5.00 and gave the company an "overweight" rating in a report on Friday, August 16th. StockNews.com lowered shares of BRF from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Bank of America increased their target price on shares of BRF from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.70.
Read Our Latest Stock Report on BRFS
BRF Stock Performance
The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The business has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $4.09. The stock has a market cap of $4.56 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93.
BRF Increases Dividend
The company also recently disclosed a -- dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a $0.1001 dividend. This is a boost from BRF's previous -- dividend of $0.03. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 1.8%. BRF's payout ratio is presently 38.37%.
Institutional Investors Weigh In On BRF
Several institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC bought a new position in shares of BRF during the third quarter valued at approximately $27,000. Bayesian Capital Management LP purchased a new position in shares of BRF during the first quarter valued at about $48,000. Atomi Financial Group Inc. bought a new position in BRF in the second quarter worth about $48,000. Blue Trust Inc. purchased a new stake in BRF in the second quarter worth about $51,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in BRF during the 2nd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 4.76% of the company's stock.
BRF Company Profile
(
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.
Featured Articles
Before you consider BRF, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRF wasn't on the list.
While BRF currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
