HF Foods Group (NASDAQ:HFFG) Rating Increased to Buy at Wall Street Zen

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

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

HF Foods Group Trading Down 0.8%

HFFG traded down $0.04 during trading on Thursday, reaching $4.20. 15,750 shares of the company's stock were exchanged, compared to its average volume of 91,821. The company's fifty day moving average price is $3.98 and its 200-day moving average price is $3.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18. The firm has a market capitalization of $222.40 million, a PE ratio of -139.83 and a beta of 0.58. HF Foods Group has a fifty-two week low of $1.70 and a fifty-two week high of $4.93.

HF Foods Group (NASDAQ:HFFG - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 earnings per share 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 during the quarter, compared to analyst estimates of $303.68 million. As a group, equities analysts forecast that HF Foods Group will post 0.22 EPS for the current year.

Institutional Trading of HF Foods Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC bought a new stake in shares of HF Foods Group during the 4th quarter worth about $36,000. XTX Topco Ltd acquired a new stake in HF Foods Group during the fourth quarter worth approximately $38,000. Prudential Financial Inc. bought a new stake in shares of HF Foods Group during the fourth quarter worth approximately $42,000. Intech Investment Management LLC bought a new stake in shares of HF Foods Group during the fourth quarter worth approximately $42,000. Finally, Choreo LLC acquired a new position in shares of HF Foods Group in the first quarter valued at approximately $56,000. 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.

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