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. raised BRF SA from a neutral rating to an overweight rating and set a $14.00 price objective for the company in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. BRF SA presently has an average rating of Hold and an average target price of $16.00.
Shares of BRF SA (NYSE:BRFS) opened at 17.16 on Monday. BRF SA has a 52 week low of $11.05 and a 52 week high of $18.33. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 19.37 and a beta of 1.08. The firm’s 50-day moving average price is $16.74 and its 200-day moving average price is $14.80.
BRF SA (NYSE:BRFS) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.27. Equities research analysts expect that BRF SA will post $1.21 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of BRFS. JPMorgan Chase & Co. boosted its position in BRF SA by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 379,604 shares of the company’s stock valued at $5,398,000 after buying an additional 1,636 shares during the period. Motley Fool Asset Management LLC boosted its position in BRF SA by 8.9% in the first quarter. Motley Fool Asset Management LLC now owns 243,704 shares of the company’s stock valued at $3,465,000 after buying an additional 20,000 shares during the period. Motley Fool Wealth Management LLC boosted its position in BRF SA by 10.2% in the first quarter. Motley Fool Wealth Management LLC now owns 92,092 shares of the company’s stock valued at $1,310,000 after buying an additional 8,555 shares during the period. AXA boosted its position in BRF SA by 75.0% in the first quarter. AXA now owns 14,000 shares of the company’s stock valued at $199,000 after buying an additional 6,000 shares during the period. Finally, Renaissance Technologies LLC boosted its position in BRF SA by 19.0% in the first quarter. Renaissance Technologies LLC now owns 9,328,260 shares of the company’s stock valued at $132,648,000 after buying an additional 1,488,000 shares during the period. 7.39% of the stock is owned by hedge funds and other institutional investors.
About BRF SA
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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