Hf Foods Group (NASDAQ:HFFG) Issues Quarterly Earnings Results

Key Points

• Hf Foods Group reported $0.11 EPS for the quarter, meeting the consensus estimate but also posting a negative net margin of 4.11%.
• Despite a recent downgrade from a "strong-buy" to a "buy" rating, Roth Capital has set a $7.00 target price for the company's stock.
• Institutional investors currently own 24.02% of Hf Foods Group, with notable investments from Geode Capital Management and Jane Street Group.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) posted its earnings results on Monday. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11, Zacks reports. Hf Foods Group had a negative net margin of 4.11% and a positive return on equity of 5.33%.

Hf Foods Group Stock Performance

Hf Foods Group stock traded up $0.10 during trading hours on Monday, reaching $3.05. 85,956 shares of the company were exchanged, compared to its average volume of 127,055. The firm has a market cap of $161.68 million, a price-to-earnings ratio of -3.28, a PEG ratio of 1.14 and a beta of 0.55. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $3.22 and a 200 day moving average of $3.29. Hf Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Hf Foods Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Roth Capital initiated coverage on Hf Foods Group in a research report on Friday, May 9th. They set a "buy" rating and a $7.00 target price for the company.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Hf Foods Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company's stock worth $3,036,000 after buying an additional 15,714 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Hf Foods Group during the first quarter worth approximately $319,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Hf Foods Group during the first quarter worth approximately $115,000. 24.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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