Brf S.A. (NYSE:BRFS) Stock Position Lowered by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd trimmed its position in shares of Brf S.A. (NYSE:BRFS - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,380,664 shares of the company's stock after selling 334,437 shares during the period. BRF accounts for approximately 17.4% of Polunin Capital Partners Ltd's portfolio, making the stock its 2nd largest holding. Polunin Capital Partners Ltd owned 1.61% of BRF worth $74,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bayesian Capital Management LP purchased a new stake in shares of BRF during the first quarter worth $48,000. Atomi Financial Group Inc. purchased a new stake in shares of BRF during the second quarter worth $48,000. Blue Trust Inc. purchased a new stake in shares of BRF during the second quarter worth $51,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of BRF during the second quarter worth $58,000. Finally, Headlands Technologies LLC purchased a new stake in shares of BRF during the first quarter worth $60,000. 4.76% of the stock is owned by institutional investors.

BRF Price Performance

NYSE:BRFS traded down $0.02 during trading hours on Friday, hitting $4.30. 1,333,629 shares of the company's stock traded hands, compared to its average volume of 2,941,288. The firm has a market cap of $4.65 billion, a P/E ratio of 86.00, a P/E/G ratio of 0.25 and a beta of 1.94. Brf S.A. has a 52 week low of $1.95 and a 52 week high of $4.76. The business's fifty day simple moving average is $4.43 and its two-hundred day simple moving average is $3.96. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. BRF had a return on equity of 11.51% and a net margin of 3.61%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted ($0.10) earnings per share. On average, research analysts anticipate that Brf S.A. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com upgraded BRF from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 21st. Barclays lifted their price objective on BRF from $4.50 to $5.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Finally, Bank of America lifted their price objective on BRF from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.70.

BRF 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.