BRF (BRFS) Shares Gap Down to $6.55

Shares of Brf S.A. (NYSE:BRFS) gapped down before the market opened on Friday . The stock had previously closed at $6.89, but opened at $6.55. BRF shares last traded at $6.29, with a volume of 4965214 shares changing hands.

BRFS has been the subject of several recent research reports. Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “buy” rating in a research report on Sunday, September 16th. UBS Group lowered shares of BRF from a “neutral” rating to a “sell” rating in a research report on Monday, October 1st. Santander lowered shares of BRF from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. ValuEngine lowered shares of BRF from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. Finally, Zacks Investment Research raised shares of BRF from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.00.

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.74 and a current ratio of 1.20. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of -38.69 and a beta of 0.56.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.13). BRF had a negative net margin of 10.23% and a negative return on equity of 22.97%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Analysts predict that Brf S.A. will post -0.88 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of BRFS. Panagora Asset Management Inc. lifted its holdings in shares of BRF by 194.3% in the third quarter. Panagora Asset Management Inc. now owns 29,287 shares of the company’s stock worth $160,000 after buying an additional 19,337 shares in the last quarter. Gould Asset Management LLC CA lifted its holdings in shares of BRF by 67.8% in the third quarter. Gould Asset Management LLC CA now owns 37,556 shares of the company’s stock worth $206,000 after buying an additional 15,175 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of BRF by 30.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 41,482 shares of the company’s stock worth $194,000 after buying an additional 9,670 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BRF by 37.3% in the second quarter. Bank of America Corp DE now owns 41,486 shares of the company’s stock worth $194,000 after buying an additional 11,263 shares in the last quarter. Finally, Deltec Asset Management LLC lifted its holdings in shares of BRF by 175.0% in the third quarter. Deltec Asset Management LLC now owns 55,000 shares of the company’s stock worth $301,000 after buying an additional 35,000 shares in the last quarter. 9.49% of the stock is currently owned by institutional investors and hedge funds.

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BRF Company Profile (NYSE:BRFS)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

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