Hf Foods Group (NASDAQ:HFFG) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Hf Foods Group (HFFG) from a "buy" to a "hold"; Roth MKM cut its price target to $6 and Weiss Ratings remains a "sell," leaving the consensus rating at Hold with an average target of $6.00.
• The company missed quarterly expectations, reporting EPS of $0.05 versus $0.10 expected, a slight revenue shortfall and a negative net margin of 3.16%.
• Shares trade near $1.88 with a market cap of about $99.7M, a negative P/E (-2.58) and a 52‑week range of $1.38–$4.93, indicating low valuation and recent volatility.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other analysts also recently weighed in on HFFG. Roth Mkm reduced their price objective on shares of Hf Foods Group from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hf Foods Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.00.

Hf Foods Group Price Performance

Shares of NASDAQ HFFG opened at $1.88 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 1.18. Hf Foods Group has a fifty-two week low of $1.38 and a fifty-two week high of $4.93. The firm has a market capitalization of $99.72 million, a PE ratio of -2.58, a price-to-earnings-growth ratio of 0.35 and a beta of 0.42. The stock's 50-day simple moving average is $1.89 and its 200-day simple moving average is $2.33.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.05). The business had revenue of $308.02 million during the quarter, compared to analyst estimates of $308.37 million. Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. As a group, equities research analysts forecast that Hf Foods Group will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Hf Foods Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HFFG. Abel Hall LLC acquired a new stake in shares of Hf Foods Group in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its position in Hf Foods Group by 192.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company's stock valued at $40,000 after purchasing an additional 8,197 shares during the last quarter. Virtu Financial LLC acquired a new stake in Hf Foods Group during the 3rd quarter worth $39,000. Invesco Ltd. boosted its stake in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company's stock worth $51,000 after purchasing an additional 4,351 shares during the period. Finally, HRT Financial LP purchased a new position in Hf Foods Group during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 24.02% of the company's stock.

About Hf Foods Group

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company's product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.

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