BRF (NYSE:BRFS) Stock Price Crosses Above 200-Day Moving Average of $3.67

Brf S.A. (NYSE:BRFS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.67 and traded as high as $4.61. BRF shares last traded at $4.53, with a volume of 2,323,203 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on BRFS shares. Barclays boosted their target price on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America upped their price objective on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.45 and a quick ratio of 0.99. The stock’s 50 day moving average price is $4.16 and its two-hundred day moving average price is $3.68. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 90.80, a PEG ratio of 0.35 and a beta of 1.94.

BRF (NYSE:BRFS) last released its earnings results on Thursday, August 15th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.55 billion. BRF had a net margin of 3.61% and a return on equity of 11.51%. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, equities research analysts anticipate that Brf S.A. will post 0.35 EPS for the current year.

Institutional Trading of BRF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRFS. SPX Gestao de Recursos Ltda acquired a new position in shares of BRF during the second quarter valued at about $58,000. B. Riley Wealth Advisors Inc. increased its stake in BRF by 8.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 386,300 shares of the company’s stock valued at $1,572,000 after acquiring an additional 30,300 shares during the period. Cubist Systematic Strategies LLC acquired a new position in BRF in the 2nd quarter valued at approximately $927,000. Marshall Wace LLP lifted its position in shares of BRF by 534.6% in the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after acquiring an additional 3,894,533 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of BRF during the 2nd quarter worth approximately $190,000. Institutional investors and hedge funds 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.