Hf Foods Group (NASDAQ:HFFG) Shares Down 2.7% – Should You Sell?

Shares of Hf Foods Group Inc. (NASDAQ:HFFG) traded down 2.7% during mid-day trading on Tuesday . The company traded as low as $2.16 and last traded at $2.18. 136,144 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 110,576 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

HFFG has been the topic of a number of recent research reports. Wall Street Zen cut Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hf Foods Group presently has an average rating of “Hold” and a consensus price target of $7.00.

Hf Foods Group Stock Performance

The business has a 50-day simple moving average of $2.36 and a 200 day simple moving average of $2.77. The firm has a market cap of $115.63 million, a PE ratio of -2.53, a PEG ratio of 0.33 and a beta of 0.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 0.42.

Hf Foods Group (NASDAQ:HFFG) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Hf Foods Group had a positive return on equity of 8.01% and a negative net margin of 3.71%.The business had revenue of $306.98 million during the quarter, compared to analysts’ expectations of $303.41 million. Equities research analysts forecast that Hf Foods Group Inc. will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Hf Foods Group

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Hf Foods Group in the first quarter valued at about $115,000. Jane Street Group LLC bought a new stake in shares of Hf Foods Group in the 1st quarter valued at about $319,000. Strs Ohio purchased a new stake in shares of Hf Foods Group in the 1st quarter worth approximately $322,000. Los Angeles Capital Management LLC boosted its stake in shares of Hf Foods Group by 393.3% during the second quarter. Los Angeles Capital Management LLC now owns 129,797 shares of the company’s stock valued at $413,000 after purchasing an additional 103,483 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Hf Foods Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock valued at $3,036,000 after buying an additional 15,714 shares during the period. 24.02% of the stock is currently owned by institutional investors.

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.