BRF (NYSE:BRFS) Stock Price Down 4.5% – Should You Sell?

Brf S.A. (NYSE:BRFS) shares fell 4.5% during trading on Thursday . The company traded as low as $3.81 and last traded at $3.83. 988,912 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,596,358 shares. The stock had previously closed at $4.01.

Analysts Set New Price Targets

Separately, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, BRF presently has an average rating of “Moderate Buy” and an average target price of $10.70.

BRF Price Performance

The stock has a market cap of $4.06 billion, a PE ratio of 8.73, a P/E/G ratio of 0.23 and a beta of 1.88. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The business has a fifty day moving average of $4.23 and a 200 day moving average of $4.25.

BRF Cuts Dividend

The company also recently announced a — dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date was Wednesday, December 18th. BRF’s dividend payout ratio is presently 20.93%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BRFS. Hsbc Holdings PLC raised its position in shares of BRF by 886.7% during the 2nd quarter. Hsbc Holdings PLC now owns 230,636 shares of the company’s stock worth $939,000 after purchasing an additional 207,262 shares during the period. Marshall Wace LLP raised its position in shares of BRF by 534.6% during the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after purchasing an additional 3,894,533 shares during the period. Natixis Advisors LLC raised its position in shares of BRF by 97.9% during the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock worth $1,054,000 after purchasing an additional 119,346 shares during the period. Signaturefd LLC raised its position in shares of BRF by 13.0% during the 3rd quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after purchasing an additional 3,618 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BRF by 660.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock worth $5,281,000 after purchasing an additional 1,049,373 shares during the period. Institutional investors own 4.76% of the company’s stock.

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.