BRF SA (BRFS) Upgraded by Zacks Investment Research to “Hold”
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. “
BRF SA (NYSE:BRFS) traded down 0.63% during mid-day trading on Thursday, reaching $17.27. 331,724 shares of the company were exchanged. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of 19.32 and a beta of 1.03. The company has a 50 day moving average of $16.96 and a 200-day moving average of $15.03. BRF SA has a 1-year low of $11.05 and a 1-year high of $18.12.
BRF SA (NYSE:BRFS) last released its quarterly earnings data on Friday, July 29th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.27. On average, equities research analysts forecast that BRF SA will post $1.19 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. bought a new stake in BRF SA during the second quarter worth approximately $140,000. Charlemagne Capital Ltd. boosted 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 worth $147,000 after buying an additional 2,599 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in BRF SA during the first quarter worth approximately $148,000. Sei Investments Co. boosted 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 worth $150,000 after buying an additional 6,319 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted 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 worth $153,000 after buying an additional 100 shares in the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.
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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