Wall Street Zen Downgrades Hf Foods Group (NASDAQ:HFFG) to Buy

Hf Foods Group (NASDAQ:HFFG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

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

Hf Foods Group Stock Performance

Shares of HFFG opened at $3.31 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $175.46 million, a price-to-earnings ratio of -3.56 and a beta of 0.54. The stock has a 50 day moving average of $3.68 and a 200 day moving average of $3.29. Hf Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93.

Hf Foods Group (NASDAQ:HFFG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates 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 negative net margin of 4.11% and a positive return on equity of 5.33%. As a group, sell-side analysts forecast that Hf Foods Group will post 0.22 earnings per share for the current year.

Institutional Trading of Hf Foods Group

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Hf Foods Group by 84.0% during the fourth quarter. Bank of America Corp DE now owns 48,807 shares of the company's stock valued at $157,000 after acquiring an additional 22,280 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Hf Foods Group by 100.2% during the fourth 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. Prudential Financial Inc. bought a new position in Hf Foods Group during the fourth quarter valued at $42,000. Northern Trust Corp grew its holdings in Hf Foods Group by 4.7% during the fourth quarter. Northern Trust Corp now owns 320,658 shares of the company's stock valued at $1,029,000 after purchasing an additional 14,275 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Hf Foods Group by 8.2% during 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 period. 24.02% of the stock is owned by hedge funds and other 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.

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