HF Foods Group (NASDAQ:HFFG) Upgraded at Wall Street Zen

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

Separately, Roth Capital initiated coverage on shares of 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 Price Performance

NASDAQ:HFFG traded down $0.04 during trading hours on Friday, hitting $3.63. 60,630 shares of the company's stock traded hands, compared to its average volume of 91,937. The firm has a market cap of $192.44 million, a P/E ratio of -121.00 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. The business's fifty day simple moving average is $3.96 and its two-hundred day simple moving average is $3.34. The company has a quick ratio of 0.45, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

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

Institutional Investors Weigh In On HF Foods Group

Several hedge funds have recently added to or reduced their stakes in HFFG. ProShare Advisors LLC bought a new stake in shares of HF Foods Group in the 4th quarter worth approximately $36,000. XTX Topco Ltd bought a new stake in shares of HF Foods Group in the 4th quarter worth approximately $38,000. Prudential Financial Inc. bought a new stake in shares of HF Foods Group in the 4th quarter worth approximately $42,000. Intech Investment Management LLC bought a new stake in shares of HF Foods Group in the 4th quarter worth approximately $42,000. Finally, Choreo LLC bought a new stake in shares of HF Foods Group in the 1st quarter worth approximately $56,000. Institutional investors own 24.02% of the company's stock.

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.