Ritholtz Wealth Management Invests $86,000 in Brf S.A. $BRFS

Ritholtz Wealth Management bought a new position in shares of Brf S.A. (NYSE:BRFS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,617 shares of the company’s stock, valued at approximately $86,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of BRF by 111.7% during the first quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock worth $31,000 after buying an additional 4,792 shares during the period. R Squared Ltd boosted its stake in shares of BRF by 912.7% during the first quarter. R Squared Ltd now owns 11,950 shares of the company’s stock worth $41,000 after buying an additional 10,770 shares during the period. Inspire Investing LLC acquired a new stake in BRF in the first quarter valued at about $42,000. Quantbot Technologies LP lifted its position in BRF by 50.9% in the first quarter. Quantbot Technologies LP now owns 19,538 shares of the company’s stock valued at $67,000 after purchasing an additional 6,589 shares during the period. Finally, Aprio Wealth Management LLC acquired a new stake in BRF in the first quarter valued at about $91,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Price Performance

Shares of NYSE:BRFS opened at $3.47 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 1.03. The company has a market cap of $3.76 billion, a P/E ratio of 9.13 and a beta of 1.44. Brf S.A. has a 52 week low of $2.99 and a 52 week high of $4.87. The company has a 50-day moving average price of $3.61 and a 200 day moving average price of $3.63.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). BRF had a net margin of 5.84% and a return on equity of 20.20%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $15.29 billion. Research analysts predict that Brf S.A. will post 0.45 earnings per share for the current year.

BRF Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, October 9th. Stockholders of record on Monday, September 22nd were given a dividend of $0.3483 per share. The ex-dividend date was Monday, September 22nd. BRF’s dividend payout ratio (DPR) is presently 105.26%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of BRF from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $3.50.

BRF Company Profile

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.