BRF (NYSE:BRFS) Rating Lowered to D at TheStreet

BRF (NYSE:BRFS – Get Rating) was downgraded by stock analysts at TheStreet from a “c” rating to a “d” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

A number of other brokerages have also weighed in on BRFS. The Goldman Sachs Group lowered shares of BRF from a “neutral” rating to a “sell” rating in a report on Monday, April 11th. StockNews.com started coverage on BRF in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded BRF from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of BRF from a “neutral” rating to an “underweight” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.38.

NYSE BRFS opened at $2.39 on Thursday. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.69. BRF has a one year low of $2.39 and a one year high of $6.07. The firm has a market cap of $1.93 billion, a PE ratio of 26.56 and a beta of 1.75. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.24 and a quick ratio of 0.64.

Several large investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. lifted its stake in BRF by 20.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 17,648 shares of the company’s stock valued at $72,000 after acquiring an additional 2,962 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of BRF by 4.9% in the fourth quarter. Brinker Capital Investments LLC now owns 92,021 shares of the company’s stock worth $376,000 after purchasing an additional 4,306 shares in the last quarter. Gould Asset Management LLC CA boosted its holdings in BRF by 18.9% during the fourth quarter. Gould Asset Management LLC CA now owns 43,385 shares of the company’s stock worth $177,000 after purchasing an additional 6,895 shares during the last quarter. American Century Companies Inc. increased its stake in BRF by 4.0% in the 4th quarter. American Century Companies Inc. now owns 199,304 shares of the company’s stock valued at $815,000 after buying an additional 7,695 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in BRF by 3,099.3% during the 2nd quarter. Royal Bank of Canada now owns 9,086 shares of the company’s stock worth $50,000 after buying an additional 8,802 shares in the last quarter. Institutional investors and hedge funds own 7.20% of the company’s stock.

About BRF (Get Rating)

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs.

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