Walleye Capital LLC Acquires Shares of 408,775 Brf S.A. (NYSE:BRFS)

Walleye Capital LLC acquired a new position in shares of Brf S.A. (NYSE:BRFS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 408,775 shares of the company's stock, valued at approximately $1,664,000.

Several other institutional investors have also recently added to or reduced their stakes in BRFS. State Street Corp increased its stake in BRF by 2.3% during the third quarter. State Street Corp now owns 1,006,059 shares of the company's stock worth $4,396,000 after purchasing an additional 22,608 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in BRF during the 4th quarter worth approximately $43,000. PFG Investments LLC acquired a new stake in BRF during the 4th quarter worth approximately $51,000. Blue Trust Inc. boosted its position in 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 buying an additional 9,709 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of BRF in the fourth quarter worth $117,000. Institutional investors and hedge funds own 4.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com cut BRF from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd.

BRF Stock Up 2.0 %

Shares of NYSE:BRFS traded up $0.08 on Thursday, hitting $3.83. 2,206,801 shares of the company's stock were exchanged, compared to its average volume of 2,413,122. 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 1-year low of $2.99 and a 1-year high of $4.87. The company has a market capitalization of $4.14 billion, a PE ratio of 8.90, a P/E/G ratio of 0.19 and a beta of 1.51. The firm's 50-day moving average is $3.36 and its 200 day moving average is $3.87.

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