From MarketBeat LLC:



Rheos Capital Works Inc. reduced its holdings in BRF SA by 53.1% in the 3rd quarter, removing 2,050,000 shares during the quarter. The hedge fund owned 1,810,000 shares of the company’s stock worth $3,711,000 at the end of the reporting period. In other news, several research firms have weighed in on BRF’s stock, ultimately resulting in an average rating of “Hold” and a price target of $2.00. Shares of NYSE BRFS traded down $0.01 on Monday to $2.83, with a trading volume of 1,690,300. BRF reported 2.83 billion in revenue for the quarter, with sell-side analysts projecting that BRF S.A. will post -0.2 earnings per share for the year.

BRF S.A. operates in raising, producing, and slaughtering poultry and pork for processing and sale, selling fresh meat, processed products, pasta, margarine, pet food, and other products. The company also recently updated from a “Sell” rating to a “Hold” rating from StockNews.com and JPMorgan Chase & Co. Lastly, while BRF currently has a “Reduce” rating among analysts, top-rated analysts have suggested other stocks to buy.



Read more: Rheos Capital Works Inc. Cuts Stock Position in Brf S.A. (NYSE:BRFS)