HF Foods Group (NASDAQ:HFFG) Earns Buy Rating from Analysts at Roth Capital

Roth Capital assumed coverage on shares of HF Foods Group (NASDAQ:HFFG - Free Report) in a report released on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $7.00 price target on the stock.

HF Foods Group Stock Up 2.7%

HFFG traded up $0.10 during trading on Friday, reaching $3.86. 96,106 shares of the stock were exchanged, compared to its average volume of 154,085. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18. The stock's 50 day moving average price is $3.71 and its two-hundred day moving average price is $3.28. HF Foods Group has a twelve month low of $1.70 and a twelve month high of $4.93. The stock has a market cap of $203.57 million, a P/E ratio of -128.67 and a beta of 0.58.

HF Foods Group (NASDAQ:HFFG - Get Free Report) last released its quarterly earnings data 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). HF Foods Group had a positive return on equity of 6.96% and a negative net margin of 0.16%. The firm had revenue of $298.43 million for the quarter, compared to analyst estimates of $303.68 million. Equities analysts expect that HF Foods Group will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in 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 last quarter. SG Americas Securities LLC raised its position in shares of HF Foods Group by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 19,418 shares of the company's stock valued at $62,000 after purchasing an additional 5,686 shares during the period. Prudential Financial Inc. bought a new position in shares of HF Foods Group in the fourth quarter valued at about $42,000. Barclays PLC lifted its stake in shares of HF Foods Group by 291.8% during the 3rd quarter. Barclays PLC now owns 56,685 shares of the company's stock worth $203,000 after buying an additional 42,217 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of HF Foods Group during the 4th quarter worth about $42,000. 24.02% of the stock is currently owned by institutional investors.

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.