BRF (NYSE:BRFS) Upgraded at Wall Street Zen

BRF (NYSE:BRFS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Barclays reissued an “equal weight” rating and issued a $3.50 price objective (down previously from $5.00) on shares of BRF in a research note on Monday, May 19th.

BRF Trading Down 2.1%

BRF stock opened at $3.54 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.02. The business’s fifty day moving average is $3.68 and its two-hundred day moving average is $3.66. BRF has a 52 week low of $2.99 and a 52 week high of $4.87.

BRF (NYSE:BRFS) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $15.78 billion. BRF had a return on equity of 22.05% and a net margin of 6.29%. On average, equities analysts forecast that BRF will post 0.45 EPS for the current year.

Hedge Funds Weigh In On BRF

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of BRF by 111.7% during the first quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after acquiring an additional 4,792 shares during the period. R Squared Ltd lifted its stake in shares of BRF by 912.7% during the first quarter. R Squared Ltd now owns 11,950 shares of the company’s stock valued at $41,000 after acquiring an additional 10,770 shares during the period. Inspire Investing LLC acquired a new position in shares of BRF during the first quarter valued at $42,000. Headlands Technologies LLC acquired a new position in shares of BRF during the fourth quarter valued at $55,000. Finally, Quantbot Technologies LP lifted its stake in shares of BRF by 50.9% during the first quarter. Quantbot Technologies LP now owns 19,538 shares of the company’s stock valued at $67,000 after acquiring an additional 6,589 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Company Profile

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.