Norges Bank Takes Position in Brf S.A. (NYSE:BRFS)

Norges Bank acquired a new position in shares of Brf S.A. (NYSE:BRFS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 393,370 shares of the company’s stock, valued at approximately $1,601,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRFS. TD Private Client Wealth LLC acquired a new stake in shares of BRF during the third quarter worth about $27,000. Hennion & Walsh Asset Management Inc. bought a new stake in BRF during the 4th quarter worth approximately $43,000. PFG Investments LLC acquired a new stake in BRF during the 4th quarter worth approximately $51,000. QRG Capital Management Inc. bought a new position in BRF in the fourth quarter valued at approximately $72,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of BRF in the fourth quarter valued at approximately $117,000. 4.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

BRF Stock Performance

Shares of BRFS stock opened at $3.48 on Friday. The firm has a market cap of $3.76 billion, a PE ratio of 8.08, a P/E/G ratio of 0.19 and a beta of 1.51. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87. The company’s fifty day simple moving average is $3.36 and its 200-day simple moving average is $3.91. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

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

BRF Company 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.