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. “
Several other analysts have also recently commented on the stock. ValuEngine raised shares of BRF from a hold rating to a buy rating in a research note on Monday. Barclays reissued a buy rating and set a $7.00 price target on shares of BRF in a research note on Sunday, March 3rd. Finally, Santander raised shares of BRF from a hold rating to a buy rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. BRF has a consensus rating of Buy and a consensus target price of $8.88.
BRF stock traded down $0.07 during trading hours on Tuesday, hitting $7.85. 73,340 shares of the stock were exchanged, compared to its average volume of 4,886,304. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of -14.71 and a beta of 0.73. BRF has a 12 month low of $4.65 and a 12 month high of $8.12.
BRF (NYSE:BRFS) last issued its quarterly earnings data on Thursday, February 28th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. BRF had a negative net margin of 16.41% and a negative return on equity of 30.47%. As a group, equities research analysts predict that BRF will post -0.04 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BRFS. Clarfeld Financial Advisors LLC bought a new position in BRF in the fourth quarter valued at approximately $25,000. Citizens Financial Group Inc RI bought a new position in BRF in the first quarter valued at approximately $26,000. Quantamental Technologies LLC bought a new position in BRF in the first quarter valued at approximately $39,000. Quadrant Capital Group LLC boosted its stake in BRF by 29.1% in the first quarter. Quadrant Capital Group LLC now owns 7,672 shares of the company’s stock valued at $43,000 after acquiring an additional 1,729 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in BRF by 16.1% in the first quarter. PNC Financial Services Group Inc. now owns 9,779 shares of the company’s stock valued at $57,000 after acquiring an additional 1,356 shares during the last quarter. 10.84% of the stock is currently owned by institutional investors and hedge funds.
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, 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; and soy meal and refined soy flour, as well as animal feed.
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