HF FOODS GROUP (NASDAQ:HFFG) Upgraded by Wall Street Zen to "Strong-Buy" Rating

HF FOODS GROUP (NASDAQ:HFFG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

Separately, Roth Capital initiated coverage on shares of HF FOODS GROUP in a research note on Friday, May 9th. They set a "buy" rating and a $7.00 price target on the stock.

HF FOODS GROUP Stock Performance

HFFG traded down $0.04 during trading on Friday, hitting $3.18. The company's stock had a trading volume of 85,849 shares, compared to its average volume of 92,980. The business's 50 day simple moving average is $3.74 and its 200-day simple moving average is $3.30. The firm has a market cap of $168.57 million, a PE ratio of 11.93 and a beta of 0.61. HF FOODS GROUP has a one year low of $1.70 and a one year high of $4.93. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 0.54.

HF FOODS GROUP (NASDAQ:HFFG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). The business had revenue of $298.43 million for the quarter, compared to analysts' expectations of $303.68 million. HF FOODS GROUP had a positive return on equity of 5.33% and a negative net margin of 4.11%. As a group, sell-side analysts predict that HF FOODS GROUP will post 0.22 EPS for the current fiscal year.

Institutional Trading of HF FOODS GROUP

Several institutional investors and hedge funds have recently modified their holdings of HFFG. Intech Investment Management LLC bought a new stake in shares of HF FOODS GROUP during the 4th quarter valued at $42,000. Prudential Financial Inc. bought a new stake in shares of HF FOODS GROUP during the 4th quarter valued at $42,000. JPMorgan Chase & Co. raised its position in shares of HF FOODS GROUP by 100.2% during the 4th quarter. JPMorgan Chase & Co. now owns 150,504 shares of the company's stock valued at $483,000 after purchasing an additional 75,319 shares during the period. Wells Fargo & Company MN raised its position in shares of HF FOODS GROUP by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 23,631 shares of the company's stock valued at $76,000 after purchasing an additional 5,348 shares during the period. Finally, Barclays PLC raised its position in shares of HF FOODS GROUP by 8.2% during the 4th quarter. Barclays PLC now owns 61,350 shares of the company's stock valued at $197,000 after purchasing an additional 4,665 shares during the period. 24.02% of the stock is currently owned by 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.