Hf Foods Group (NASDAQ:HFFG) Issues 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) announced its earnings results on Monday. The company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11, Zacks reports. Hf Foods Group had a negative net margin of 3.97% and a positive return on equity of 7.01%. The firm had revenue of $314.85 million for the quarter, compared to analysts' expectations of $310.69 million.

Hf Foods Group Stock Down 2.3%

NASDAQ:HFFG traded down $0.08 on Friday, reaching $3.33. 71,540 shares of the stock traded hands, compared to its average volume of 96,460. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $183.18 million, a price-to-earnings ratio of -3.66, a PEG ratio of 1.32 and a beta of 0.55. Hf Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93. The company's fifty day simple moving average is $3.18 and its 200 day simple moving average is $3.30.

Analyst Upgrades and Downgrades

HFFG has been the topic of a number of research reports. Wall Street Zen cut shares of Hf Foods Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Roth Capital initiated coverage on shares of Hf Foods Group in a report on Friday, May 9th. They set a "buy" rating and a $7.00 target price on the stock.

Institutional Investors Weigh In On Hf Foods Group

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Hf Foods Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 954,648 shares of the company's stock valued at $3,036,000 after acquiring an additional 15,714 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Hf Foods Group by 665.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 105,818 shares of the company's stock worth $337,000 after buying an additional 91,992 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Hf Foods Group in the 1st quarter worth approximately $319,000. American Century Companies Inc. bought a new position in shares of Hf Foods Group in the 2nd quarter worth approximately $162,000. Finally, WINTON GROUP Ltd bought a new position in shares of Hf Foods Group in the 2nd quarter worth approximately $116,000. Hedge funds and other institutional investors own 24.02% of the company's stock.

Hf Foods Group Company Profile

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.