BRF (NYSE:BRFS) Shares Down 2.1% – What’s Next?

Brf S.A. (NYSE:BRFS) shares fell 2.1% on Thursday . The stock traded as low as $4.18 and last traded at $4.18. 408,849 shares changed hands during trading, a decline of 86% from the average session volume of 2,871,236 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Separately, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BRF currently has a consensus rating of “Moderate Buy” and an average price target of $10.70.

BRF Price Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The business’s fifty day moving average price is $4.38 and its 200-day moving average price is $4.23. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.25 and a beta of 1.90.

BRF Cuts Dividend

The business also recently announced a — dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.0217 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio is currently 18.60%.

Institutional Trading of BRF

Hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC purchased a new stake in BRF in the third quarter worth about $27,000. Atomi Financial Group Inc. bought a new stake in BRF during the second quarter valued at about $48,000. SPX Gestao de Recursos Ltda bought a new position in BRF in the 2nd quarter worth $58,000. US Bancorp DE lifted its holdings in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after buying an additional 8,882 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in BRF by 39.9% during the 3rd quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock valued at $71,000 after buying an additional 4,966 shares in the last quarter. 4.76% of the stock is owned by institutional investors.

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.