Hilton Food Group (LON:HFG) Sets New 52-Week Low – Here’s Why

Shares of Hilton Food Group plc (LON:HFG) hit a new 52-week low on Thursday . The stock traded as low as GBX 589.55 ($7.99) and last traded at GBX 860 ($11.66), with a volume of 56831 shares changing hands. The stock had previously closed at GBX 861 ($11.67).

Analyst Ratings Changes

A number of research firms have recently commented on HFG. Berenberg Bank boosted their price objective on Hilton Food Group from GBX 1,090 ($14.78) to GBX 1,120 ($15.18) and gave the company a “buy” rating in a research report on Wednesday, April 9th. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, May 20th.

Hilton Food Group Stock Performance

The company has a 50 day moving average price of GBX 878.13 and a 200 day moving average price of GBX 876.31. The firm has a market cap of £770.76 million, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11.

Hilton Food Group (LON:HFG) last posted its earnings results on Tuesday, April 8th. The company reported GBX 61 ($0.83) earnings per share (EPS) for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. On average, research analysts expect that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Hilton Food Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th were issued a dividend of GBX 24.90 ($0.34) per share. This is an increase from Hilton Food Group’s previous dividend of $9.60. The ex-dividend date of this dividend was Thursday, April 17th. This represents a yield of 2.97%. Hilton Food Group’s dividend payout ratio is 63.52%.

Insiders Place Their Bets

In other news, insider Matt Osborne purchased 3,994 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average price of GBX 892 ($12.09) per share, for a total transaction of £35,626.48 ($48,293.99). Also, insider Mark Allen bought 5,950 shares of the stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of GBX 835 ($11.32) per share, for a total transaction of £49,682.50 ($67,347.84). 14.33% of the stock is owned by company insiders.

About Hilton Food Group

Hilton Food Group plc is a leading international food and supply chain services partner. We partner with leading retailers, brands and food service partners across the world.

We offer a unique multi-category proposition of outstanding protein products including meat, seafood, vegan and vegetarian, and easier meals.