Renaissance Technologies LLC Acquires 1,096,016 Shares of Brf S.A. (NYSE:BRFS)

Renaissance Technologies LLC increased its stake in Brf S.A. (NYSE:BRFS - Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,682,476 shares of the company's stock after acquiring an additional 1,096,016 shares during the quarter. Renaissance Technologies LLC owned 0.71% of BRF worth $31,268,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BRFS. TD Private Client Wealth LLC bought a new stake in shares of BRF during the third quarter worth about $27,000. Hennion & Walsh Asset Management Inc. bought a new position in BRF during the 4th quarter valued at $43,000. PFG Investments LLC purchased a new position in BRF during the 4th quarter worth $51,000. Headlands Technologies LLC bought a new stake in shares of BRF in the 4th quarter worth $55,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of BRF in the fourth quarter valued at about $72,000. Institutional investors and hedge funds own 4.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on BRFS shares. StockNews.com lowered shares of BRF from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Two 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 stock. Based on data from MarketBeat, BRF presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.70.

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BRF Stock Performance

NYSE BRFS traded up $0.01 on Tuesday, hitting $3.47. 2,164,071 shares of the stock traded hands, compared to its average volume of 2,449,759. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.19 and a beta of 1.51. The business's fifty day moving average is $3.36 and its two-hundred day moving average is $3.90. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87.

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

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.