BRF SA (BRFS) Upgraded to “Hold” at Zacks Investment Research
BRF SA (NYSE:BRFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
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. “
BRF SA (NYSE:BRFS) traded down 1.86% during trading on Thursday, reaching $17.38. 1,934,417 shares of the company’s stock were exchanged. BRF SA has a 52-week low of $11.05 and a 52-week high of $18.12. The firm has a market cap of $13.89 billion, a P/E ratio of 19.44 and a beta of 1.03. The stock’s 50 day moving average price is $16.95 and its 200 day moving average price is $15.02.
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BRF SA (NYSE:BRFS) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.27. Equities research analysts anticipate that BRF SA will post $1.19 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC raised its position in shares of BRF SA by 3.7% in the second quarter. ClariVest Asset Management LLC now owns 189,492 shares of the company’s stock valued at $2,639,000 after buying an additional 6,700 shares during the last quarter. Capital Fund Management S.A. raised its position in shares of BRF SA by 1.3% in the second quarter. Capital Fund Management S.A. now owns 592,234 shares of the company’s stock valued at $8,250,000 after buying an additional 7,612 shares during the last quarter. Bank of Montreal Can bought a new position in shares of BRF SA during the second quarter valued at $373,000. BNP Paribas Arbitrage SA raised its position in shares of BRF SA by 7.0% in the second quarter. BNP Paribas Arbitrage SA now owns 246,294 shares of the company’s stock valued at $3,431,000 after buying an additional 16,219 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of BRF SA by 19.0% in the first quarter. Renaissance Technologies LLC now owns 9,328,260 shares of the company’s stock valued at $132,648,000 after buying an additional 1,488,000 shares during the last quarter. 7.39% of the stock is currently owned by institutional investors.
BRF SA Company Profile
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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