1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership bought a new stake in Brf S.A. ( NYSE:BRFS – Free Report ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm bought 2,274,634 shares of the company’s stock, valued at approximately $9,258,000. Arrowstreet Capital Limited Partnership owned 0.21% of BRF at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new position in BRF in the third quarter valued at approximately $27,000. Hennion & Walsh Asset Management Inc.
acquired a new position in shares of BRF in the fourth quarter valued at approximately $43,000. PFG Investments LLC purchased a new position in BRF in the 4th quarter valued at $51,000. QRG Capital Management Inc.
acquired a new stake in BRF in the fourth quarter valued at about $72,000. Finally, Robeco Institutional Asset Management B.V.
acquired a new position in BRF during the fourth quarter worth $117,000. Institutional investors and hedge funds own 4.76% of the company’s stock.
Analysts Set New Price Targets Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th.
Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, BRF has an average rating of “Moderate Buy” and a consensus price target of $10.70. BRF Price Performance BRF stock opened at $3.
28 on Monday. The firm has a fifty day moving average of $3.42 and a 200-day moving average of $3.
96. 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 S.
A. has a 52-week low of $2.99 and a 52-week high of $4.
87. The firm has a market capitalization of $3.55 billion, a P/E ratio of 7.
62, a PEG ratio of 0.19 and a beta of 1.51.
BRF ( NYSE:BRFS – Get Free Report ) last issued 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). BRF had a return on equity of 19.
66% and a net margin of 6.52%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.
72 billion. As a group, analysts predict that Brf S.A.
will post 0.45 EPS for the current year. About BRF ( Free Report ) 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. See Also Five stocks we like better than BRF Upcoming IPO Stock Lockup Period, Explained Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? How is Compound Interest Calculated? Disney 2025 Shareholders: Major Updates for Investors Golden Cross Stocks: Pattern, Examples and Charts Advance Auto Parts Stock: A Classic Rebound Play in the Making Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter .
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