Hf Foods Group (NASDAQ:HFFG) Rating Lowered to "Buy" at Wall Street Zen

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

Separately, Roth Capital started coverage on 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 Up 1.2%

Shares of NASDAQ:HFFG traded up $0.04 during trading on Friday, reaching $3.26. The stock had a trading volume of 47,165 shares, compared to its average volume of 92,822. The firm's 50-day simple moving average is $3.66 and its 200 day simple moving average is $3.29. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. Hf Foods Group has a one year low of $1.70 and a one year high of $4.93. The company has a market capitalization of $172.81 million, a P/E ratio of -3.51 and a beta of 0.54.

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

Institutional Investors Weigh In On Hf Foods Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its stake in Hf Foods Group by 8.2% in the 4th quarter. Barclays PLC now owns 61,350 shares of the company's stock worth $197,000 after acquiring an additional 4,665 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Hf Foods Group by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 23,631 shares of the company's stock worth $76,000 after purchasing an additional 5,348 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hf Foods Group by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 99,352 shares of the company's stock worth $487,000 after purchasing an additional 6,751 shares during the period. Bank of New York Mellon Corp boosted its position in Hf Foods Group by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 90,015 shares of the company's stock valued at $441,000 after buying an additional 8,547 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Hf Foods Group in the 4th quarter worth approximately $36,000. 24.02% of the stock is currently owned by institutional investors and hedge funds.

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.