HF Foods Group (NASDAQ:HFFG) Releases Earnings Results

HF Foods Group (NASDAQ:HFFG - Get Free Report) announced its earnings results on Monday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06), Zacks reports. The firm had revenue of $298.43 million during the quarter, compared to analysts' expectations of $303.68 million. HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%.

HF Foods Group Stock Up 1.9%

NASDAQ HFFG traded up $0.08 during trading hours on Friday, reaching $4.21. 218,306 shares of the company traded hands, compared to its average volume of 89,761. HF Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $222.03 million, a PE ratio of -140.33 and a beta of 0.58. The company has a 50 day moving average of $3.84 and a two-hundred day moving average of $3.29.

Analysts Set New Price Targets

Separately, Roth Capital assumed coverage on shares of HF Foods Group in a research note on Friday, May 9th. They issued a "buy" rating and a $7.00 target price for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HF Foods Group stock. Cubist Systematic Strategies LLC acquired a new stake in shares of HF Foods Group Inc. (NASDAQ:HFFG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,388 shares of the company's stock, valued at approximately $115,000. 24.02% of the stock is owned by institutional investors.

About HF Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.