Brf S.A. (NYSE:BRFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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. “

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Brf from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co raised shares of Brf from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $16.00 in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Brf has an average rating of “Hold” and a consensus price target of $15.00.

Brf (BRFS) traded up $0.09 during trading on Tuesday, hitting $12.69. 2,636,600 shares of the company’s stock traded hands, compared to its average volume of 1,997,582. Brf has a one year low of $10.60 and a one year high of $16.01. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.13 and a current ratio of 1.62.

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Hedge funds have recently made changes to their positions in the business. OLD National Bancorp IN acquired a new position in Brf during the second quarter valued at approximately $212,000. Aberdeen Asset Management PLC UK lifted its position in Brf by 75.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,207,150 shares of the company’s stock valued at $14,233,000 after buying an additional 517,200 shares in the last quarter. Grosvenor Capital Management L.P. lifted its position in Brf by 83.5% during the second quarter. Grosvenor Capital Management L.P. now owns 1,573,202 shares of the company’s stock valued at $18,548,000 after buying an additional 715,902 shares in the last quarter. Deltec Asset Management LLC lifted its position in Brf by 28.0% during the second quarter. Deltec Asset Management LLC now owns 64,000 shares of the company’s stock valued at $755,000 after buying an additional 14,000 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Brf by 10.4% during the second quarter. SG Americas Securities LLC now owns 95,804 shares of the company’s stock valued at $1,130,000 after buying an additional 9,020 shares in the last quarter. 8.04% of the stock is currently owned by hedge funds and other institutional investors.

About Brf

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

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Analyst Recommendations for Brf (NYSE:BRFS)

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