BRF (NYSE:BRFS) Stock Price Down 4.5% – Time to Sell?

Brf S.A. (NYSE:BRFS) shares dropped 4.5% during trading on Thursday . The company traded as low as $3.81 and last traded at $3.83. Approximately 988,912 shares changed hands during trading, a decline of 38% from the average daily volume of 1,596,358 shares. The stock had previously closed at $4.01.

Analyst Ratings Changes

Separately, StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.23 and a beta of 1.88. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The company has a 50 day simple moving average of $4.23 and a 200 day simple moving average of $4.25.

BRF Cuts Dividend

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

Institutional Investors Weigh In On BRF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of BRF by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 23,448 shares of the company’s stock valued at $95,000 after buying an additional 2,555 shares in the last quarter. Signaturefd LLC grew its stake in shares of BRF by 13.0% in the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock valued at $138,000 after buying an additional 3,618 shares in the last quarter. Blue Trust Inc. grew its stake in shares of BRF by 39.9% in the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock valued at $71,000 after buying an additional 4,966 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of BRF by 36.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,900 shares of the company’s stock valued at $92,000 after buying an additional 6,113 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in shares of BRF in the third quarter valued at about $27,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.

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.