Brf S.A. (NYSE:BRFS) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Brf S.A. (NYSE:BRFS - Free Report) by 75.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,121,828 shares of the company's stock after purchasing an additional 913,453 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of BRF worth $8,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BRFS. Natixis Advisors LLC boosted its holdings in shares of BRF by 97.9% during the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company's stock valued at $1,054,000 after purchasing an additional 119,346 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of BRF in the 4th quarter valued at about $72,000. US Bancorp DE lifted its holdings in shares of BRF by 127.1% in the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company's stock valued at $69,000 after acquiring an additional 8,882 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of BRF by 55.8% in the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock valued at $118,000 after acquiring an additional 9,709 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of BRF in the 3rd quarter valued at about $826,000. Hedge funds and other institutional investors own 4.76% of the company's stock.

BRF Stock Down 0.4 %

BRFS stock traded down $0.02 during trading on Wednesday, hitting $3.44. 1,756,985 shares of the company's stock traded hands, compared to its average volume of 2,000,607. The business has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $4.06. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. The firm has a market capitalization of $3.72 billion, a P/E ratio of 7.99, a PEG ratio of 0.19 and a beta of 1.90.

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BRF (NYSE:BRFS - Get Free Report) last posted 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. Sell-side analysts anticipate that Brf S.A. will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com raised shares of BRF from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $10.70.

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.