HF Foods Group (NASDAQ:HFFG) Downgraded to "Buy" Rating by Wall Street Zen

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

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

HF Foods Group Stock Down 6.3%

Shares of NASDAQ:HFFG traded down $0.23 during midday trading on Friday, hitting $3.43. 78,086 shares of the company's stock were exchanged, compared to its average volume of 91,915. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 0.45. The stock has a 50 day moving average price of $3.89 and a 200-day moving average price of $3.35. The company has a market cap of $181.84 million, a PE ratio of -114.33 and a beta of 0.61. HF Foods Group has a 12 month low of $1.70 and a 12 month 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 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 business had revenue of $298.43 million for the quarter, compared to the consensus estimate of $303.68 million. On average, sell-side analysts anticipate that HF Foods Group will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in HF Foods Group in the first quarter valued at about $1,596,000. Northern Trust Corp boosted its stake in HF Foods Group by 4.7% in the fourth quarter. Northern Trust Corp now owns 320,658 shares of the company's stock valued at $1,029,000 after acquiring an additional 14,275 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HF Foods Group by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,360 shares of the company's stock valued at $935,000 after acquiring an additional 21,996 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 75,319 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in HF Foods Group in the first quarter valued at about $681,000. 24.02% of the stock is currently owned by hedge funds and other 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.