BRF (BRFS) Cut to “D+” at TheStreet

TheStreet cut shares of BRF (NYSE:BRFS) from a c- rating to a d+ rating in a research report released on Thursday.

Several other research firms also recently weighed in on BRFS. BidaskClub downgraded BRF from a hold rating to a sell rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded BRF from a hold rating to a sell rating in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $15.00.

Shares of BRF (NYSE BRFS) opened at $9.21 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $7,422.76, a PE ratio of -30.70 and a beta of 0.46. BRF has a fifty-two week low of $8.91 and a fifty-two week high of $15.50.

BRF (NYSE:BRFS) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.71 billion. BRF had a negative return on equity of 6.43% and a negative net margin of 2.40%. research analysts anticipate that BRF will post 0.01 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. ING Groep NV bought a new position in BRF in the fourth quarter worth about $146,000. Gould Asset Management LLC CA raised its holdings in BRF by 56.0% in the fourth quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock worth $221,000 after purchasing an additional 7,045 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in BRF in the third quarter worth about $240,000. Virtu KCG Holdings LLC bought a new position in BRF in the second quarter worth about $241,000. Finally, D.A. Davidson & CO. raised its holdings in BRF by 35.6% in the third quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock worth $319,000 after purchasing an additional 5,815 shares in the last quarter. Institutional investors and hedge funds own 7.52% of the company’s stock.

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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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