BRF (NYSE:BRFS) Stock Price Down 4.5% – What’s Next?

Brf S.A. (NYSE:BRFS) shares dropped 4.5% during trading on Thursday . The company traded as low as $3.81 and last traded at $3.83. Approximately 988,912 shares changed hands during trading, a decline of 38% from the average daily volume of 1,596,358 shares. The stock had previously closed at $4.01.

Wall Street Analysts Forecast Growth

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

BRF Stock Down 6.9 %

The firm’s 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $4.26. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.23 and a beta of 1.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45.

BRF Cuts Dividend

The firm also recently announced a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.0217 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF’s dividend payout ratio (DPR) is presently 20.93%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BRFS. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BRF during the 4th quarter worth about $43,000. TD Private Client Wealth LLC bought a new stake in BRF in the third quarter valued at approximately $27,000. Public Employees Retirement System of Ohio acquired a new stake in BRF in the third quarter worth $826,000. XTX Topco Ltd boosted its position in shares of BRF by 142.6% during the third quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock worth $495,000 after purchasing an additional 66,583 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock valued at $4,396,000 after buying an additional 22,608 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company 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.