HF Foods Group (NASDAQ:HFFG) Stock Rating Upgraded by Wall Street Zen

HF Foods Group (NASDAQ:HFFG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Thursday.

Separately, Roth Capital began coverage on HF Foods Group in a research note on Friday, May 9th. They set a “buy” rating and a $7.00 price target for the company.

HF Foods Group Stock Performance

Shares of HFFG opened at $3.88 on Thursday. The stock has a 50 day moving average price of $4.03 and a 200 day moving average price of $3.32. The company has a quick ratio of 0.45, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $205.70 million, a price-to-earnings ratio of -129.33 and a beta of 0.58. 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 issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. The firm had revenue of $298.43 million during the quarter, compared to analysts’ expectations of $303.68 million. Research analysts predict that HF Foods Group will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC purchased a new position in shares of HF Foods Group in the fourth quarter valued at $36,000. Choreo LLC acquired a new stake in shares of HF Foods Group during the first quarter valued at $56,000. XTX Topco Ltd acquired a new stake in shares of HF Foods Group during the fourth quarter valued at $38,000. Prudential Financial Inc. acquired a new stake in shares of HF Foods Group during the fourth quarter valued at $42,000. Finally, Intech Investment Management LLC acquired a new stake in shares of HF Foods Group during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

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.