Verde Servicos Internacionais S.A. Acquires Shares of 110,000 Brf S.A. (NYSE:BRFS)

Verde Servicos Internacionais S.A. purchased a new stake in shares of Brf S.A. (NYSE:BRFS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 110,000 shares of the company’s stock, valued at approximately $640,000.

Several other hedge funds have also added to or reduced their stakes in BRFS. Clarfeld Financial Advisors LLC acquired a new stake in BRF in the fourth quarter worth $25,000. NumerixS Investment Technologies Inc lifted its stake in shares of BRF by 62.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 16,200 shares of the company’s stock valued at $91,000 after buying an additional 6,200 shares in the last quarter. HRT Financial LLC bought a new position in shares of BRF in the fourth quarter valued at $58,000. Regal Investment Advisors LLC bought a new position in shares of BRF in the fourth quarter valued at $81,000. Finally, Virtu Financial LLC lifted its stake in shares of BRF by 103.5% in the fourth quarter. Virtu Financial LLC now owns 30,217 shares of the company’s stock valued at $172,000 after buying an additional 15,368 shares in the last quarter. 10.52% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on BRFS shares. ValuEngine lowered shares of BRF from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of BRF from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Barclays reaffirmed a “buy” rating and issued a $7.00 price objective on shares of BRF in a research note on Sunday, March 3rd. Finally, Santander raised shares of BRF from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. BRF currently has a consensus rating of “Hold” and an average target price of $7.00.

BRFS opened at $7.69 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 1.31. Brf S.A. has a fifty-two week low of $4.65 and a fifty-two week high of $7.74. The stock has a market cap of $6.25 billion, a P/E ratio of -14.24 and a beta of 0.56.

BRF (NYSE:BRFS) last released its quarterly earnings results on Thursday, February 28th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. BRF had a negative net margin of 14.08% and a negative return on equity of 26.08%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. Equities research analysts predict that Brf S.A. will post -0.05 EPS for the current fiscal year.

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BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

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Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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