BRF (NYSE:BRFS) Shares Down 2.2% – Should You Sell?

Brf S.A. (NYSE:BRFS) was down 2.2% during mid-day trading on Monday . The company traded as low as $3.37 and last traded at $3.38. Approximately 294,576 shares traded hands during trading, a decline of 85% from the average daily volume of 1,968,962 shares. The stock had previously closed at $3.45.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, BRF currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Stock Down 2.6 %

The firm’s 50-day simple moving average is $3.49 and its 200 day simple moving average is $4.04. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The stock has a market capitalization of $3.64 billion, a P/E ratio of 7.81, a PEG ratio of 0.19 and a beta of 1.90.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. As a group, research analysts expect that Brf S.A. will post 0.45 EPS for the current year.

Institutional Investors Weigh In On BRF

Several hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in shares of BRF in the third quarter valued at approximately $27,000. Hennion & Walsh Asset Management Inc. bought a new position in BRF during the fourth quarter worth $43,000. PFG Investments LLC acquired a new position in shares of BRF in the fourth quarter valued at $51,000. Headlands Technologies LLC bought a new position in shares of BRF in the fourth quarter valued at about $55,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of BRF during the 4th quarter worth about $72,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

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.