Hf Foods Group (NASDAQ:HFFG) Shares Down 3.2% - What's Next?

Key Points

• Hf Foods Group shares fell 3.2% to $1.50, with trading volume 58% above its average; the stock’s market capitalization is approximately $80.85 million.
• Analyst sentiment is mixed, with two Buy ratings and one Sell rating resulting in an overall “Hold” consensus and an average price target of $5.50.
• The company exceeded quarterly expectations, reporting $0.12 in EPS versus a $0.06 estimate and revenue of $323.78 million, while institutional investors own 24.02% of outstanding shares.

Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report)'s stock price dropped 3.2% on Monday. The stock traded as low as $1.50 and last traded at $1.50. 106,498 shares traded hands during trading, an increase of 58% from the average session volume of 67,390 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HFFG shares. Alliance Global Partners restated a "buy" rating on shares of Hf Foods Group in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Hf Foods Group from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.50.

Hf Foods Group Stock Performance

The company has a quick ratio of 0.49, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $80.85 million, a PE ratio of -2.31, a PEG ratio of 0.44 and a beta of 0.63. The firm has a 50 day moving average price of $1.69 and a 200-day moving average price of $1.79.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. Hf Foods Group had a negative net margin of 2.77% and a positive return on equity of 7.24%. The business had revenue of $323.78 million for the quarter, compared to the consensus estimate of $320.54 million. Research analysts expect that Hf Foods Group Inc. will post 0.32 EPS for the current fiscal year.

Institutional Trading of Hf Foods Group

Several institutional investors have recently modified their holdings of HFFG. BlackRock Inc. acquired a new stake in Hf Foods Group in the 2nd quarter worth about $907,000. North Star Investment Management Corp. increased its stake in shares of Hf Foods Group by 1,564.3% in the 1st quarter. North Star Investment Management Corp. now owns 466,000 shares of the company's stock worth $862,000 after acquiring an additional 438,000 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Hf Foods Group during the second quarter worth about $30,000. Susquehanna International Group LLP raised its position in shares of Hf Foods Group by 670.0% during the 2nd quarter. Susquehanna International Group LLP now owns 145,765 shares of the company's stock valued at $206,000 after buying an additional 126,834 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Hf Foods Group in the second quarter valued at $128,000. Institutional investors and hedge funds own 24.02% of the company's stock.

About Hf Foods Group

HF Foods Group Inc is a foodservice distributor focused primarily on serving Asian restaurants and other foodservice customers in the United States. The company supplies a broad range of products, including fresh and frozen meats and seafood, produce, dry goods, beverages, restaurant supplies, and packaging materials.

In addition to distributing food and related products, HF Foods provides logistics and delivery services designed to support independent restaurants and other foodservice operators.

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