BRF (BRFS) Cut to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of BRF (NYSE:BRFS) from a hold rating to a sell rating in a research note released on Monday morning.

According to Zacks, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed. “

Several other equities analysts also recently issued reports on BRFS. ValuEngine raised shares of BRF from a sell rating to a hold rating in a research note on Tuesday, January 22nd. Barclays reaffirmed a buy rating and set a $7.00 price target on shares of BRF in a research note on Sunday, March 3rd. Finally, Santander downgraded shares of BRF from a buy rating to a hold rating in a research note on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. BRF has a consensus rating of Hold and an average target price of $7.00.

BRFS stock opened at $5.36 on Monday. BRF has a 52-week low of $4.65 and a 52-week high of $8.30. The company has a current ratio of 1.31, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of BRF by 34.8% during the second quarter. Bank of New York Mellon Corp now owns 1,082,995 shares of the company’s stock worth $5,069,000 after buying an additional 279,760 shares during the period. Macquarie Group Ltd. increased its position in shares of BRF by 2.7% during the third quarter. Macquarie Group Ltd. now owns 9,065,830 shares of the company’s stock worth $49,681,000 after buying an additional 235,777 shares during the period. Gould Asset Management LLC CA increased its position in shares of BRF by 67.8% during the third quarter. Gould Asset Management LLC CA now owns 37,556 shares of the company’s stock worth $206,000 after buying an additional 15,175 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of BRF during the fourth quarter worth $127,000. Finally, Panagora Asset Management Inc. increased its position in shares of BRF by 194.3% during the third quarter. Panagora Asset Management Inc. now owns 29,287 shares of the company’s stock worth $160,000 after buying an additional 19,337 shares during the period. Institutional investors own 10.28% of the company’s stock.

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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