Zacks Investment Research lowered shares of BRF (NYSE:BRFS) from a hold rating to a sell rating in a research report report published on Wednesday.

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 also recently issued research reports about the company. BidaskClub upgraded BRF from a hold rating to a buy rating in a research note on Saturday, September 23rd. J P Morgan Chase & Co upgraded BRF from a neutral rating to an overweight rating and increased their target price for the company from $13.00 to $16.00 in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $15.00.

Shares of BRF (NYSE BRFS) opened at $10.86 on Wednesday. BRF has a 52 week low of $10.60 and a 52 week high of $15.50. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.52 and a quick ratio of 1.05.

Several hedge funds have recently made changes to their positions in the business. Baldwin Investment Management LLC lifted its position in shares of BRF by 1.1% in the 2nd quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock worth $122,000 after acquiring an additional 111 shares during the period. Legal & General Group Plc lifted its position in shares of BRF by 23.2% in the 2nd quarter. Legal & General Group Plc now owns 18,968 shares of the company’s stock worth $224,000 after acquiring an additional 3,578 shares during the period. D.A. Davidson & CO. lifted its position in shares of BRF by 35.6% in the 3rd quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock worth $319,000 after acquiring an additional 5,815 shares during the period. OLD National Bancorp IN lifted its position in shares of BRF by 32.8% in the 3rd quarter. OLD National Bancorp IN now owns 23,911 shares of the company’s stock worth $345,000 after acquiring an additional 5,899 shares during the period. Finally, Global X Management Co. LLC lifted its position in shares of BRF by 52.6% in the 2nd quarter. Global X Management Co. LLC now owns 22,338 shares of the company’s stock worth $263,000 after acquiring an additional 7,695 shares during the period. Institutional investors own 7.74% of the company’s stock.

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About BRF

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

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