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

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

Separately, Roth Capital initiated coverage on shares of Hf Foods Group in a report on Friday, May 9th. They issued a “buy” rating and a $7.00 price target on the stock.

Hf Foods Group Stock Performance

Shares of NASDAQ HFFG opened at $3.31 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 1.19. The company has a market cap of $175.46 million, a P/E ratio of -3.56 and a beta of 0.54. The firm’s fifty day moving average is $3.68 and its two-hundred day moving average is $3.29. Hf Foods Group has a 52-week low of $1.70 and a 52-week high of $4.93.

Hf Foods Group (NASDAQ:HFFG) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The company had revenue of $298.43 million during the quarter, compared to the consensus estimate 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, analysts anticipate that Hf Foods Group will post 0.22 EPS for the current fiscal year.

Institutional Trading of Hf Foods Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in Hf Foods Group in the 1st quarter valued at $1,596,000. Northern Trust Corp raised its position in shares of Hf Foods Group by 4.7% during the 4th quarter. Northern Trust Corp now owns 320,658 shares of the company’s stock valued at $1,029,000 after buying an additional 14,275 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hf Foods Group by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 291,360 shares of the company’s stock valued at $935,000 after acquiring an additional 21,996 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hf Foods Group by 100.2% in the 4th quarter. JPMorgan Chase & Co. now owns 150,504 shares of the company’s stock valued at $483,000 after acquiring an additional 75,319 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Hf Foods Group in the first quarter worth about $681,000. 24.02% of the stock is currently owned by institutional investors.

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.