Separately, Zacks Investment Research lowered Brf from a hold rating to a strong sell rating in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $14.00.
Brf (NYSE:BRFS) traded down 1.84% on Thursday, hitting $12.25. 987,581 shares of the stock traded hands. The firm’s 50 day moving average is $13.18 and its 200 day moving average is $13.39. Brf has a 52 week low of $10.60 and a 52 week high of $18.12. The stock’s market cap is $9.79 billion.
A number of hedge funds have recently bought and sold shares of BRFS. Campbell & CO Investment Adviser LLC bought a new stake in Brf during the first quarter valued at approximately $138,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Brf by 4.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,459 shares of the company’s stock worth $169,000 after buying an additional 450 shares in the last quarter. Gould Asset Management LLC CA increased its position in shares of Brf by 4.9% in the fourth quarter. Gould Asset Management LLC CA now owns 12,091 shares of the company’s stock worth $178,000 after buying an additional 570 shares in the last quarter. Newfoundland Capital Management acquired a new position in shares of Brf during the fourth quarter worth about $179,000. Finally, Insight 2811 Inc. increased its position in shares of Brf by 13.6% in the first quarter. Insight 2811 Inc. now owns 13,523 shares of the company’s stock worth $166,000 after buying an additional 1,621 shares in the last quarter. 9.41% of the stock is currently owned by hedge funds and other institutional investors.
Brf Company Profile
BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.
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