Hf Foods Group (NASDAQ:HFFG) Upgraded at Wall Street Zen

Hf Foods Group (NASDAQ:HFFG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Friday.

Separately, Roth Capital began coverage on shares of Hf Foods Group in a report on Friday, May 9th. They set a "buy" rating and a $7.00 price objective for the company.

Hf Foods Group Price Performance

Shares of Hf Foods Group stock traded up $0.13 during trading on Friday, hitting $3.22. The stock had a trading volume of 215,227 shares, compared to its average volume of 93,783. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. Hf Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93. The firm has a market cap of $170.69 million, a price-to-earnings ratio of -3.46 and a beta of 0.61. The business's 50-day moving average is $3.74 and its 200 day moving average is $3.31.

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 5.33% and a negative net margin of 4.11%. The business had revenue of $298.43 million for the quarter, compared to analysts' expectations of $303.68 million. As a group, sell-side analysts anticipate that Hf Foods Group will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Hf Foods Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of Hf Foods Group by 84.0% in the fourth quarter. Bank of America Corp DE now owns 48,807 shares of the company's stock worth $157,000 after buying an additional 22,280 shares during the period. JPMorgan Chase & Co. grew its position in Hf Foods Group by 100.2% during the 4th quarter. JPMorgan Chase & Co. now owns 150,504 shares of the company's stock worth $483,000 after acquiring an additional 75,319 shares during the last quarter. Prudential Financial Inc. bought a new position in Hf Foods Group during the 4th quarter worth approximately $42,000. Northern Trust Corp increased its stake in Hf Foods Group by 4.7% in the 4th quarter. Northern Trust Corp now owns 320,658 shares of the company's stock worth $1,029,000 after purchasing an additional 14,275 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 21,996 shares during the last quarter. Institutional investors own 24.02% of the company's stock.

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.

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