Brf S.A. (NYSE:BRFS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Brf S.A. (NYSE:BRFS) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.70.

A number of brokerages have commented on BRFS. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Institutional Trading of BRF

Several hedge funds and other institutional investors have recently bought and sold shares of BRFS. Marshall Wace LLP boosted its position in BRF by 534.6% in the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after purchasing an additional 3,894,533 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in BRF by 660.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after buying an additional 1,049,373 shares in the last quarter. State Street Corp raised its position in shares of BRF by 2.3% in the third quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after acquiring an additional 22,608 shares during the period. American Century Companies Inc. boosted its stake in shares of BRF by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock worth $3,408,000 after acquiring an additional 45,061 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of BRF by 8.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 386,300 shares of the company’s stock valued at $1,572,000 after acquiring an additional 30,300 shares during the period. 4.76% of the stock is owned by institutional investors and hedge funds.

BRF Trading Down 0.4 %

NYSE:BRFS opened at $3.75 on Friday. The company has a market capitalization of $4.05 billion, a P/E ratio of 8.71, a PEG ratio of 0.21 and a beta of 1.88. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. BRF has a 12 month low of $2.67 and a 12 month high of $4.87. The firm has a fifty day simple moving average of $4.13 and a 200-day simple moving average of $4.23.

BRF Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.0217 dividend. The ex-dividend date was Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio (DPR) is presently 18.60%.

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.