BRF (NYSE:BRFS) Shares Gap Down – What’s Next?

Brf S.A. (NYSE:BRFS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.75, but opened at $3.58. BRF shares last traded at $3.55, with a volume of 401,131 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Stock Performance

The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $3.84 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 0.21 and a beta of 1.88. The company’s 50 day moving average is $4.22 and its 200-day moving average is $4.25.

BRF Cuts Dividend

The company also recently announced a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.0217 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio is presently 20.93%.

Institutional Investors Weigh In On BRF

Hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC purchased a new position in BRF in the third quarter worth about $27,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BRF in the fourth quarter worth $43,000. SPX Gestao de Recursos Ltda purchased a new position in shares of BRF during the 2nd quarter valued at $58,000. US Bancorp DE increased its stake in BRF by 127.1% in the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock worth $69,000 after buying an additional 8,882 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in BRF by 39.9% during the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock valued at $71,000 after acquiring an additional 4,966 shares during the period. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

About BRF

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.