Hf Foods Group (NASDAQ:HFFG) Trading Down 2.8% - What's Next?

Key Points

• Shares fell 2.8% to $2.11 (intraday low $2.06) on Tuesday, with volume of ~268,082 shares, about 34% above the average.
• Analysts are mixed with a Hold consensus: one Buy and one Sell leave a MarketBeat consensus rating of "Hold" and a consensus target of $6.00; Roth MKM cut its target to $6 and Wall Street Zen downgraded to Hold while Weiss maintained a Sell.
• Quarterly results missed expectations: HFFG reported $0.05 EPS vs. $0.10 expected and $308.02M revenue (vs. $308.37M est.), has a negative net margin (−3.16%), a market cap of about $112M and a negative P/E.

Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) dropped 2.8% on Tuesday . The company traded as low as $2.06 and last traded at $2.11. Approximately 268,082 shares traded hands during trading, an increase of 34% from the average daily volume of 199,893 shares. The stock had previously closed at $2.17.

Analysts Set New Price Targets

HFFG has been the topic of a number of recent research reports. Wall Street Zen lowered Hf Foods Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hf Foods Group in a report on Monday, December 29th. Finally, Roth Mkm dropped their price objective on Hf Foods Group from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hf Foods Group currently has a consensus rating of "Hold" and a consensus target price of $6.00.

Hf Foods Group Price Performance

The business's fifty day simple moving average is $1.84 and its 200-day simple moving average is $2.17. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.61. The firm has a market cap of $111.92 million, a P/E ratio of -2.89, a PEG ratio of 0.59 and a beta of 0.48.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate 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, analysts forecast that Hf Foods Group Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Hf Foods Group

Institutional investors have recently modified their holdings of the company. Abel Hall LLC bought a new stake in Hf Foods Group in the 4th quarter worth $26,000. Virtu Financial LLC purchased a new stake in Hf Foods Group in the 3rd quarter worth approximately $39,000. HRT Financial LP purchased a new stake in Hf Foods Group in the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC grew its position in shares of 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 worth $40,000 after buying an additional 8,197 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Hf Foods Group by 37.1% in the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company's stock worth $51,000 after acquiring an additional 4,351 shares in the last quarter. 24.02% of the stock is currently owned by institutional investors.

Hf Foods Group Company Profile

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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