HF Foods Group (NASDAQ:HFFG) Raised to "Strong-Buy" at Wall Street Zen

HF Foods Group (NASDAQ:HFFG - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

Separately, Roth Capital assumed 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.

HF Foods Group Stock Performance

NASDAQ HFFG remained flat at $3.67 on Friday. 33,300 shares of the company's stock traded hands, compared to its average volume of 92,015. The company has a quick ratio of 0.45, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $3.96 and a two-hundred day moving average price of $3.34. The stock has a market capitalization of $194.57 million, a price-to-earnings ratio of -122.33 and a beta of 0.61. HF Foods Group has a 52 week low of $1.70 and a 52 week high of $4.93.

HF Foods Group (NASDAQ:HFFG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). HF Foods Group had a positive return on equity of 6.96% and a negative net margin of 0.16%. The firm had revenue of $298.43 million for the quarter, compared to analysts' expectations of $303.68 million. Sell-side analysts expect that HF Foods Group will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of HF Foods Group

Several institutional investors and hedge funds have recently made changes to their positions in HFFG. ProShare Advisors LLC bought a new stake in shares of HF Foods Group in the fourth quarter valued at about $36,000. XTX Topco Ltd purchased a new stake in shares of HF Foods Group during the fourth quarter worth about $38,000. Prudential Financial Inc. purchased a new stake in shares of HF Foods Group during the fourth quarter worth about $42,000. Intech Investment Management LLC purchased a new stake in shares of HF Foods Group during the fourth quarter worth about $42,000. Finally, Choreo LLC purchased a new stake in shares of HF Foods Group during the first quarter worth about $56,000. 24.02% of the stock is currently 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.