Hf Foods Group (NASDAQ:HFFG) Cut to "Buy" at Wall Street Zen

Hf Foods Group (NASDAQ:HFFG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

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

Hf Foods Group Trading Down 4.3%

Shares of Hf Foods Group stock traded down $0.15 during midday trading on Friday, reaching $3.31. The company had a trading volume of 34,658 shares, compared to its average volume of 92,024. The stock has a fifty day moving average price of $3.87 and a 200 day moving average price of $3.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.19 and a quick ratio of 0.52. The firm has a market cap of $175.46 million, a PE ratio of -3.56 and a beta of 0.61. 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 issued its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The business had revenue of $298.43 million during the quarter, compared to the consensus estimate of $303.68 million. Hf Foods Group had a positive return on equity of 5.33% and a negative net margin of 4.11%. On average, equities analysts anticipate that Hf Foods Group will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Hf Foods Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Hf Foods Group during the first quarter valued at approximately $322,000. Jane Street Group LLC bought a new stake in shares of Hf Foods Group during the first quarter valued at approximately $319,000. Cubist Systematic Strategies LLC bought a new stake in Hf Foods Group during the first quarter worth $115,000. Nuveen LLC bought a new stake in Hf Foods Group during the first quarter worth $1,596,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Hf Foods Group by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 99,352 shares of the company's stock worth $487,000 after buying an additional 6,751 shares in the last quarter. 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.