Norges Bank Purchases New Position in Brf S.A. (NYSE:BRFS)

Norges Bank bought a new position in Brf S.A. (NYSE:BRFS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 393,370 shares of the company's stock, valued at approximately $1,601,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of BRF by 15.9% during the 4th quarter. LPL Financial LLC now owns 96,019 shares of the company's stock worth $391,000 after acquiring an additional 13,201 shares in the last quarter. American Century Companies Inc. lifted its position in BRF by 5.3% during the fourth quarter. American Century Companies Inc. now owns 1,019,237 shares of the company's stock valued at $4,148,000 after purchasing an additional 51,581 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 worth $8,636,000 after buying an additional 913,453 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of BRF in the 4th quarter worth about $72,000. Finally, Navellier & Associates Inc. raised its position in shares of BRF by 2.6% during the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock valued at $955,000 after buying an additional 5,977 shares in the last quarter. 4.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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BRF Trading Up 0.1 %

Shares of NYSE:BRFS traded up $0.01 during trading hours on Tuesday, hitting $3.47. 2,164,071 shares of the company's stock traded hands, compared to its average volume of 2,462,444. The firm has a market capitalization of $3.75 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The business has a fifty day moving average price of $3.36 and a 200-day moving average price of $3.90. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 earnings per share (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 for the quarter, compared to analysts' expectations of $2.72 billion. Equities analysts expect that Brf S.A. will post 0.45 earnings per share for the current year.

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.