Walleye Capital LLC Buys New Position in Brf S.A. (NYSE:BRFS)

Walleye Capital LLC bought a new stake in shares of Brf S.A. (NYSE:BRFS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 408,775 shares of the company’s stock, valued at approximately $1,664,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navellier & Associates Inc. raised its holdings in BRF by 2.6% during the fourth quarter. Navellier & Associates Inc. now owns 234,706 shares of the company’s stock worth $955,000 after purchasing an additional 5,977 shares in the last quarter. Mariner LLC raised its stake in shares of BRF by 26.7% in the 4th quarter. Mariner LLC now owns 41,864 shares of the company’s stock worth $170,000 after buying an additional 8,815 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of BRF by 55.8% in the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock valued at $118,000 after buying an additional 9,709 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in BRF during the fourth quarter valued at about $43,000. Finally, PFG Investments LLC acquired a new position in BRF during the fourth quarter worth about $51,000. 4.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BRFS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd.

BRF Trading Up 3.6 %

Shares of BRFS opened at $3.63 on Friday. The business’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.88. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $3.92 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.19 and a beta of 1.51. Brf S.A. has a 1-year low of $2.99 and a 1-year high of $4.87.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. Analysts expect that Brf S.A. will post 0.45 earnings per share for the current year.

BRF Profile

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.