Super Hi International (NASDAQ:HDL) Stock Price Down 5.7% After Earnings Miss

Key Points

• Super Hi International shares fell 5.7% after the company reported a quarterly loss of $0.03 per share, missing analysts’ estimate of $0.03 EPS. Revenue was $218.83 million, below the $222.80 million consensus.
• Analyst sentiment remains cautious: Zacks Research upgraded the stock to “hold,” but Weiss Ratings maintained a “sell” rating, resulting in a consensus “Reduce” rating.
• Institutional ownership increased, with Jane Street Group and XY Capital expanding their stakes while Bank of America initiated a new position; the stock’s market capitalization is approximately $866.5 million.

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report)'s share price was down 5.7% during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $13.50 and last traded at $13.3250. 509 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,704 shares. The stock had previously closed at $14.13.

The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.06). Super Hi International had a net margin of 3.29% and a return on equity of 7.38%. The company had revenue of $218.83 million during the quarter, compared to analyst estimates of $222.80 million.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Super Hi International from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Super Hi International in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce".

Institutional Investors Weigh In On Super Hi International

A number of hedge funds have recently modified their holdings of HDL. Jane Street Group LLC lifted its stake in shares of Super Hi International by 26.5% in the fourth quarter. Jane Street Group LLC now owns 21,302 shares of the company's stock worth $342,000 after buying an additional 4,457 shares in the last quarter. XY Capital Ltd lifted its stake in Super Hi International by 11.3% in the 1st quarter. XY Capital Ltd now owns 13,303 shares of the company's stock worth $194,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Super Hi International in the 4th quarter worth approximately $52,000.

Super Hi International Price Performance

The stock has a 50 day simple moving average of $13.03 and a two-hundred day simple moving average of $14.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.54 and a quick ratio of 2.28. The company has a market cap of $866.52 million, a price-to-earnings ratio of 22.21 and a beta of -0.14.

About Super Hi International

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.

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