Zacks Investment Research cut shares of BRF (NYSE:BRFS) from a hold rating to a sell rating in a research report released on Monday morning.
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 analysts have also recently issued reports about the company. Santander cut BRF from a buy rating to a hold rating in a research note on Tuesday, November 13th. Barclays reissued a buy rating and issued a $7.00 target price on shares of BRF in a research note on Sunday, March 3rd. Finally, ValuEngine cut BRF from a hold rating to a sell rating in a research note on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. BRF has an average rating of Hold and an average price target of $7.00.
BRFS opened at $5.39 on Monday. The stock has a market capitalization of $4.40 billion, a PE ratio of -9.98 and a beta of 0.54. The company has a current ratio of 1.31, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. BRF has a 12 month low of $4.65 and a 12 month high of $7.93.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clarfeld Financial Advisors LLC bought a new stake in BRF during the 4th quarter valued at approximately $25,000. NumerixS Investment Technologies Inc boosted its position in BRF by 62.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 16,200 shares of the company’s stock valued at $91,000 after acquiring an additional 6,200 shares in the last quarter. HRT Financial LLC bought a new stake in BRF during the 4th quarter valued at approximately $58,000. Bank of America Corp DE boosted its position in BRF by 37.3% during the 2nd quarter. Bank of America Corp DE now owns 41,486 shares of the company’s stock valued at $194,000 after acquiring an additional 11,263 shares in the last quarter. Finally, Regal Investment Advisors LLC bought a new stake in BRF during the 4th quarter valued at approximately $81,000. 10.28% of the stock is currently owned by institutional investors.
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.
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