Shares of Brf S.A. (NYSE:BRFS) were up 6.1% during mid-day trading on Wednesday . The company traded as high as $5.59 and last traded at $5.55. Approximately 3,227,500 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 3,017,283 shares. The stock had previously closed at $5.23.

A number of analysts recently issued reports on BRFS shares. ValuEngine raised BRF from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Bank of America raised BRF from a “neutral” rating to a “buy” rating in a research report on Monday, July 2nd. Goldman Sachs Group raised BRF from a “sell” rating to a “buy” rating in a research report on Sunday, September 16th. Zacks Investment Research raised BRF from a “strong sell” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, Barclays raised BRF from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.00.

The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -33.31 and a beta of 0.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.08 and a quick ratio of 0.72.

A number of hedge funds and other institutional investors have recently made changes to their positions in BRFS. Wells Fargo & Company MN increased its position in BRF by 43.0% during the first quarter. Wells Fargo & Company MN now owns 6,627,092 shares of the company’s stock worth $45,859,000 after buying an additional 1,992,545 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of BRF by 9.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 683,631 shares of the company’s stock worth $4,731,000 after acquiring an additional 59,821 shares during the period. Aperio Group LLC boosted its holdings in shares of BRF by 68.1% during the first quarter. Aperio Group LLC now owns 87,342 shares of the company’s stock worth $604,000 after acquiring an additional 35,392 shares during the period. Northern Trust Corp boosted its holdings in shares of BRF by 4.1% during the first quarter. Northern Trust Corp now owns 669,190 shares of the company’s stock worth $4,632,000 after acquiring an additional 26,599 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of BRF by 316.0% during the first quarter. BNP Paribas Arbitrage SA now owns 482,397 shares of the company’s stock worth $3,338,000 after acquiring an additional 366,433 shares during the period. 9.24% of the stock is currently owned by hedge funds and other institutional investors.

About BRF (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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