Hf Foods Group (NASDAQ:HFFG) Posts Earnings Results

Hf Foods Group (NASDAQ:HFFG) posted its earnings results on Monday. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06, FiscalAI reports. The firm had revenue of $312.00 million for the quarter, compared to the consensus estimate of $307.36 million. Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%.

Hf Foods Group Trading Up 0.5%

NASDAQ:HFFG traded up $0.01 during mid-day trading on Monday, hitting $1.90. 362,206 shares of the stock traded hands, compared to its average volume of 180,183. The stock has a market capitalization of $101.59 million, a price-to-earnings ratio of -2.60, a PEG ratio of 0.54 and a beta of 0.53. Hf Foods Group has a 52 week low of $1.38 and a 52 week high of $4.45. The firm’s 50 day moving average is $1.97 and its two-hundred day moving average is $2.10. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating on shares of Hf Foods Group in a research report on Wednesday, April 29th. Wall Street Zen lowered Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Alliance Global Partners began coverage on Hf Foods Group in a report on Thursday, April 16th. They issued a “buy” rating and a $5.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Abel Hall LLC purchased a new stake in shares of Hf Foods Group in the fourth quarter worth approximately $26,000. Virtu Financial LLC bought a new position in Hf Foods Group in the 3rd quarter valued at $39,000. HRT Financial LP bought a new position in Hf Foods Group in the 4th quarter valued at $40,000. Tower Research Capital LLC TRC increased its stake in Hf Foods Group by 192.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock worth $40,000 after purchasing an additional 8,197 shares during the period. Finally, Invesco Ltd. lifted its position in shares of 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 purchasing an additional 4,351 shares during the last quarter. Hedge funds and other institutional investors own 24.02% of the company’s stock.

About Hf Foods Group

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.