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

Wall Street Zen upgraded shares of HF Foods Group (NASDAQ:HFFG - Free Report) from a hold rating to a buy rating in a research note released on Thursday.

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

HF Foods Group Stock Performance

HFFG stock traded up $0.13 during trading hours on Thursday, hitting $4.01. 20,268 shares of the stock were exchanged, compared to its average volume of 92,301. HF Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $212.59 million, a P/E ratio of -133.67 and a beta of 0.58. The company has a 50-day simple moving average of $4.05 and a two-hundred day simple moving average of $3.32.

HF Foods Group (NASDAQ:HFFG - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $298.43 million for the quarter, compared to the consensus estimate of $303.68 million. On average, analysts forecast that HF Foods Group will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of HF Foods Group

Institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of HF Foods Group in the 1st quarter worth approximately $1,596,000. Northern Trust Corp raised its stake in HF Foods Group by 4.7% during the fourth quarter. Northern Trust Corp now owns 320,658 shares of the company's stock worth $1,029,000 after buying an additional 14,275 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in HF Foods Group by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 291,360 shares of the company's stock worth $935,000 after buying an additional 21,996 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in HF Foods Group by 100.2% in the fourth quarter. JPMorgan Chase & Co. now owns 150,504 shares of the company's stock valued at $483,000 after buying an additional 75,319 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in HF Foods Group during the first quarter valued at $681,000. 24.02% of the stock is currently owned by institutional investors.

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.