Intelligence Driven Advisers LLC Makes New Investment in Brf S.A. (NYSE:BRFS)

Intelligence Driven Advisers LLC purchased a new position in Brf S.A. (NYSE:BRFS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,625 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds have also recently added to or reduced their stakes in BRFS. Greytown Advisors Inc. purchased a new position in BRF during the 3rd quarter worth approximately $75,000. SG Americas Securities LLC purchased a new position in BRF during the 4th quarter worth approximately $102,000. Mirae Asset Global Investments Co. Ltd. grew its position in 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 purchasing an additional 15,018 shares in the last quarter. Banco Santander S.A. grew its position in 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 purchasing an additional 51,454 shares in the last quarter. Finally, UBS Group AG grew its position in 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 purchasing an additional 5,357,987 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Down 0.6 %

Shares of BRFS stock traded down $0.02 on Thursday, hitting $3.31. The company’s stock had a trading volume of 2,466,885 shares, compared to its average volume of 3,453,022. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.86. Brf S.A. has a fifty-two week low of $1.25 and a fifty-two week high of $3.52. The firm’s fifty day moving average price is $3.25 and its 200-day moving average price is $2.87. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -17.53 and a beta of 1.86.

BRF (NYSE:BRFS) last released its quarterly earnings data on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. The business had revenue of $1.69 billion during the quarter. Research analysts anticipate that Brf S.A. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

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

About BRF

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.