BRF (NYSE:BRFS) Shares Gap Up – Here’s Why

Brf S.A. (NYSE:BRFS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.15, but opened at $4.30. BRF shares last traded at $4.34, with a volume of 317,219 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on BRFS. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Bank of America upped their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Finally, Barclays lifted their price target on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Trading Up 4.6 %

The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market cap of $4.70 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.22 and a beta of 1.90. The business’s fifty day simple moving average is $4.31 and its 200 day simple moving average is $4.13.

BRF Increases Dividend

The business also recently declared a — dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.1001 per share. This is a boost from BRF’s previous — dividend of $0.03. This represents a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 27th. BRF’s dividend payout ratio is 18.60%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new position in BRF during the 3rd quarter valued at about $27,000. Atomi Financial Group Inc. acquired a new position in shares of BRF in the 2nd quarter valued at $48,000. Blue Trust Inc. bought a new position in shares of BRF in the 2nd quarter worth $51,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of BRF during the second quarter worth $58,000. Finally, US Bancorp DE increased its holdings in BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after purchasing an additional 8,882 shares during the last quarter. 4.76% of the stock is currently owned by institutional investors.

About BRF

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.