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. “
Separately, JPMorgan Chase & Co. upgraded shares of BRF SA from a neutral rating to an overweight rating and set a $14.00 price target for the company in a report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. BRF SA currently has a consensus rating of Hold and an average price target of $16.00.
BRF SA (NYSE:BRFS) opened at 17.02 on Tuesday. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 19.56 and a beta of 1.08. BRF SA has a 12-month low of $11.05 and a 12-month high of $18.33. The stock’s 50 day moving average price is $16.71 and its 200 day moving average price is $14.73.
BRF SA (NYSE:BRFS) last released its quarterly earnings results on Friday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.27. On average, equities research analysts anticipate that BRF SA will post $1.21 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in BRFS. Wetherby Asset Management Inc. purchased a new stake in BRF SA during the second quarter valued at $140,000. NN Investment Partners Holdings N.V. purchased a new stake in BRF SA during the first quarter valued at $148,000. Charlemagne Capital Ltd. raised its stake in BRF SA by 32.7% in the second quarter. Charlemagne Capital Ltd. now owns 10,539 shares of the company’s stock valued at $147,000 after buying an additional 2,599 shares during the last quarter. Sei Investments Co. raised its stake in BRF SA by 142.4% in the second quarter. Sei Investments Co. now owns 10,756 shares of the company’s stock valued at $150,000 after buying an additional 6,319 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in BRF SA by 0.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,109 shares of the company’s stock valued at $153,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.
BRF SA Company Profile
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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