BRF (NYSE:BRFS) Trading Down 3.2% - Time to Sell?

Shares of Brf S.A. (NYSE:BRFS - Get Free Report) dropped 3.2% during trading on Wednesday . The company traded as low as $3.43 and last traded at $3.43. Approximately 31,845 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 2,521,273 shares. The stock had previously closed at $3.54.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BRFS shares. StockNews.com downgraded BRF from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Citigroup upgraded shares of BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BRF currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.70.

BRF Stock Performance

The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.19 and a beta of 1.51. 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 company's fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $3.96.

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

Institutional Trading of BRF

A number of hedge funds have recently made changes to their positions in BRFS. TD Private Client Wealth LLC bought a new stake in BRF in the 3rd quarter worth approximately $27,000. Hennion & Walsh Asset Management Inc. bought a new position in BRF in the 4th quarter worth approximately $43,000. PFG Investments LLC bought a new stake in shares of BRF in the fourth quarter worth about $51,000. Headlands Technologies LLC purchased a new stake in shares of BRF during the 4th quarter worth approximately $55,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of BRF during the 4th quarter valued at about $72,000. 4.76% of the stock is owned by institutional investors.

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.