Brf S.A. (NYSE:BRFS) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.51, but opened at $5.59. BRF shares last traded at $5.76, with a volume of 87373 shares traded.

BRFS has been the subject of several research reports. ValuEngine raised BRF from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research downgraded BRF from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Finally, Barclays reaffirmed a “buy” rating and set a $7.00 price target on shares of BRF in a research note on Sunday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. BRF has a consensus rating of “Hold” and an average price target of $7.00.

The company has a market cap of $4.74 billion, a price-to-earnings ratio of -10.81 and a beta of 0.54. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 1.31.

Hedge funds have recently made changes to their positions in the stock. Clarfeld Financial Advisors LLC acquired a new position in BRF in the 4th quarter valued at about $25,000. HRT Financial LLC acquired a new position in BRF in the 4th quarter valued at about $58,000. Regal Investment Advisors LLC acquired a new position in BRF in the 4th quarter valued at about $81,000. NumerixS Investment Technologies Inc raised its stake in BRF by 62.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 16,200 shares of the company’s stock valued at $91,000 after purchasing an additional 6,200 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in BRF in the 4th quarter valued at about $108,000. 10.40% of the stock is owned by hedge funds and other institutional investors.

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BRF Company Profile (NYSE:BRFS)

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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