Hf Foods Group (NASDAQ:HFFG) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Hf Foods Group (NASDAQ:HFFG) from a buy rating to a hold rating in a report issued on Saturday.

HFFG has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a report on Monday, December 29th. Roth Mkm dropped their price objective on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hf Foods Group presently has an average rating of “Hold” and an average target price of $6.00.

Hf Foods Group Trading Up 1.6%

NASDAQ HFFG opened at $1.88 on Friday. The company has a market cap of $99.72 million, a P/E ratio of -2.58, a P/E/G ratio of 0.36 and a beta of 0.42. Hf Foods Group has a 12 month low of $1.38 and a 12 month high of $4.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 0.42. The company has a 50-day moving average of $1.89 and a 200-day moving average of $2.33.

Hf Foods Group (NASDAQ:HFFG) last released its earnings results on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). Hf Foods Group had a positive return on equity of 6.83% and a negative net margin of 3.16%.The company had revenue of $308.02 million during the quarter, compared to analyst estimates of $308.37 million. As a group, equities analysts predict that Hf Foods Group will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HFFG. Invesco Ltd. grew its stake in Hf Foods Group by 37.1% during the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after buying an additional 4,351 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hf Foods Group by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock worth $150,000 after acquiring an additional 5,640 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hf Foods Group by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after acquiring an additional 5,708 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Hf Foods Group by 6.0% in the 3rd quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock valued at $310,000 after acquiring an additional 6,337 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Hf Foods Group by 10.1% during the 4th quarter. Empowered Funds LLC now owns 80,713 shares of the company’s stock valued at $174,000 after acquiring an additional 7,384 shares in the last quarter. Hedge funds and other institutional investors own 24.02% of the company’s stock.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.