SG Americas Securities LLC Purchases New Stake in Brf S.A. (NYSE:BRFS)

SG Americas Securities LLC acquired a new position in shares of Brf S.A. (NYSE:BRFS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 36,840 shares of the company’s stock, valued at approximately $102,000.

Several other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of BRF by 2,443.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,670,843 shares of the company’s stock valued at $14,518,000 after buying an additional 5,447,910 shares during the period. UBS Group AG lifted its position in shares of BRF by 62.7% during the third 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. Millennium Management LLC boosted its stake in shares of BRF by 27,582.4% in the fourth quarter. Millennium Management LLC now owns 3,847,027 shares of the company’s stock valued at $6,078,000 after purchasing an additional 3,833,130 shares during the period. BlackRock Inc. grew its holdings in BRF by 132.8% during the 1st quarter. BlackRock Inc. now owns 5,190,782 shares of the company’s stock valued at $20,606,000 after purchasing an additional 2,961,528 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in BRF by 2,292.6% during the 1st quarter. Two Sigma Investments LP now owns 2,914,198 shares of the company’s stock worth $3,730,000 after buying an additional 2,792,398 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Performance

BRFS stock opened at $3.28 on Friday. The firm has a market cap of $3.55 billion, a P/E ratio of -17.26 and a beta of 1.95. The stock’s 50 day simple moving average is $3.17 and its 200 day simple moving average is $2.79. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.13. Brf S.A. has a 12-month low of $1.15 and a 12-month high of $3.52.

BRF (NYSE:BRFS) last issued 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. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. The company had revenue of $1.69 billion for the quarter. As a group, equities research analysts predict that Brf S.A. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

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

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.