BRF (BRFS) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of BRF (NYSE:BRFS) from a hold rating to a sell rating in a research report released on Monday.

According to Zacks, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed. “

A number of other equities analysts have also weighed in on the stock. Santander lowered shares of BRF from a buy rating to a hold rating in a report on Tuesday, November 13th. Barclays restated a buy rating and issued a $7.00 price objective on shares of BRF in a report on Sunday, March 3rd. Finally, ValuEngine lowered shares of BRF from a hold rating to a sell rating in a report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. BRF presently has a consensus rating of Hold and an average price target of $7.00.

Shares of NYSE BRFS opened at $5.39 on Monday. BRF has a twelve month low of $4.65 and a twelve month high of $7.93. The company has a market capitalization of $4.40 billion, a P/E ratio of -9.98 and a beta of 0.54. The company has a quick ratio of 0.94, a current ratio of 1.31 and a debt-to-equity ratio of 2.34.

A number of institutional investors and hedge funds have recently made changes to their positions in BRFS. Clarfeld Financial Advisors LLC purchased a new stake in BRF during the 4th quarter valued at $25,000. HRT Financial LLC purchased a new stake in BRF during the 4th quarter valued at $58,000. Regal Investment Advisors LLC purchased a new stake in BRF during the 4th quarter valued at $81,000. NumerixS Investment Technologies Inc raised its stake in BRF by 62.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 16,200 shares of the company’s stock valued at $91,000 after buying an additional 6,200 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in BRF during the 4th quarter valued at $108,000. Institutional investors and hedge funds own 10.28% of the company’s stock.

BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

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