Gould Asset Management LLC CA Has $199,000 Holdings in Brf S.A. (NYSE:BRFS)

Gould Asset Management LLC CA lessened its position in shares of Brf S.A. (NYSE:BRFS) by 23.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,405 shares of the company’s stock after selling 21,685 shares during the quarter. Gould Asset Management LLC CA’s holdings in BRF were worth $199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. UBS Group AG lifted its position in shares of BRF by 62.7% during the 3rd quarter. UBS Group AG now owns 13,902,531 shares of the company’s stock worth $28,500,000 after buying an additional 5,357,987 shares during the period. Banco Santander S.A. lifted its position in shares of BRF by 16.6% during the 3rd quarter. Banco Santander S.A. now owns 360,994 shares of the company’s stock worth $740,000 after buying an additional 51,454 shares during the period. SG Americas Securities LLC bought a new position in shares of BRF during the 4th quarter worth approximately $102,000. Greytown Advisors Inc. bought a new position in shares of BRF during the 3rd quarter worth approximately $75,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of BRF by 29.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,182 shares of the company’s stock worth $136,000 after buying an additional 15,018 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com upgraded BRF from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Barclays upgraded BRF from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $2.50 to $4.00 in a research report on Monday, March 4th. The Goldman Sachs Group upgraded BRF from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $1.90 to $3.10 in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. upgraded BRF from a “neutral” rating to an “overweight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.55.

BRF Price Performance

BRFS traded up $0.07 during trading on Friday, hitting $3.45. The company’s stock had a trading volume of 2,050,772 shares, compared to its average volume of 3,520,409. The firm’s 50 day moving average price is $3.22 and its two-hundred day moving average price is $2.84. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. Brf S.A. has a 12 month low of $1.16 and a 12 month high of $3.52. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -18.13 and a beta of 1.95.

BRF (NYSE:BRFS) last released its earnings results on Monday, February 26th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $1.69 billion during the quarter. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. Sell-side analysts forecast that Brf S.A. will post 0.21 earnings per share for the current fiscal year.

BRF Company Profile

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.