BRF (NYSE:BRFS) Upgraded by StockNews.com to Hold

BRF (NYSE:BRFS – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other brokerages have also recently weighed in on BRFS. Bank of America cut shares of BRF from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 12th. Morgan Stanley upgraded shares of BRF from an “underweight” rating to an “equal weight” rating in a research note on Monday, February 13th. Finally, Barclays decreased their price target on shares of BRF from $2.50 to $1.50 and set an “equal weight” rating on the stock in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, BRF presently has a consensus rating of “Hold” and an average target price of $1.95.

BRF Price Performance

BRF stock opened at $1.67 on Tuesday. The company’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.49. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.66 and a current ratio of 1.19. BRF has a 1 year low of $1.06 and a 1 year high of $3.42.

Hedge Funds Weigh In On BRF

Institutional investors have recently made changes to their positions in the stock. Creative Planning purchased a new stake in shares of BRF in the 4th quarter valued at $26,000. Mraz Amerine & Associates Inc. purchased a new stake in shares of BRF in the 1st quarter valued at $29,000. Quadrant Capital Group LLC boosted its stake in shares of BRF by 1,050.2% in the 4th quarter. Quadrant Capital Group LLC now owns 19,761 shares of the company’s stock valued at $31,000 after purchasing an additional 18,043 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of BRF by 135.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 13,426 shares of the company’s stock valued at $32,000 after purchasing an additional 7,730 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of BRF in the 3rd quarter valued at $36,000. Institutional investors own 8.24% of the company’s stock.

BRF Company Profile

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BRF SA engages in the production and distribution of fresh and frozen protein foods. Its processed products include marinated and frozen chicken, rooster and turkey meats, specialty meats, frozen processed meats, frozen prepared entrees, portioned products, and sliced products. The firm also offers margarine, butter, cream cheese, sweet specialties, sandwiches, plant-based products, and animal feed.