Arrowstreet Capital Limited Partnership Takes Position in Brf S.A. (NYSE:BRFS)

Arrowstreet Capital Limited Partnership bought a new position in Brf S.A. (NYSE:BRFS) during the fourth quarter, Holdings Channel reports. The fund bought 2,274,634 shares of the company’s stock, valued at approximately $9,258,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of BRF in the 4th quarter valued at about $1,601,000. LPL Financial LLC grew its stake in BRF by 15.9% in the 4th quarter. LPL Financial LLC now owns 96,019 shares of the company’s stock valued at $391,000 after buying an additional 13,201 shares during the last quarter. American Century Companies Inc. grew its position in shares of BRF by 5.3% in the fourth quarter. American Century Companies Inc. now owns 1,019,237 shares of the company’s stock valued at $4,148,000 after purchasing an additional 51,581 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in BRF by 75.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company’s stock worth $8,636,000 after buying an additional 913,453 shares during the period. Finally, QRG Capital Management Inc. bought a new position in BRF during the fourth quarter worth $72,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com downgraded BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Stock Down 5.6 %

Shares of NYSE:BRFS opened at $3.28 on Monday. The company’s fifty day moving average is $3.42 and its 200-day moving average is $3.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. Brf S.A. has a 52 week low of $2.99 and a 52 week high of $4.87. The company has a market capitalization of $3.55 billion, a PE ratio of 7.62, a P/E/G ratio of 0.19 and a beta of 1.51.

BRF (NYSE:BRFS) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Equities research analysts predict that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

BRF Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.