Hf Foods Group Inc. (NASDAQ:HFFG) Sees Large Decrease in Short Interest

Hf Foods Group Inc. (NASDAQ:HFFG) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,530,378 shares, a decrease of 13.9% from the March 15th total of 1,777,429 shares. Based on an average daily trading volume, of 270,786 shares, the short-interest ratio is presently 5.7 days. Approximately 3.1% of the company’s stock are short sold.

Hf Foods Group Stock Performance

Shares of Hf Foods Group stock traded up $0.04 on Friday, reaching $2.16. 76,026 shares of the company were exchanged, compared to its average volume of 209,749. Hf Foods Group has a 1-year low of $1.38 and a 1-year high of $4.45. The company’s 50-day moving average is $1.87 and its two-hundred day moving average is $2.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.53 and a current ratio of 1.18. The firm has a market cap of $114.57 million, a price-to-earnings ratio of -2.96, a P/E/G ratio of 0.60 and a beta of 0.48.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings results on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. The business had revenue of $308.02 million during the quarter, compared to analyst estimates of $308.37 million. As a group, research analysts expect that Hf Foods Group will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on HFFG shares. Wall Street Zen downgraded Hf Foods Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Roth Mkm reduced their price target on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hf Foods Group in a report on Monday, December 29th. Finally, Alliance Global Partners started coverage on Hf Foods Group in a report on Thursday. They issued a “buy” rating and a $5.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Hf Foods Group has a consensus rating of “Hold” and a consensus price target of $5.50.

Institutional Investors Weigh In On Hf Foods Group

A number of institutional investors have recently added to or reduced their stakes in HFFG. Invesco Ltd. raised its stake in shares of Hf Foods Group by 37.1% in the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after acquiring an additional 4,351 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Hf Foods Group by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock valued at $150,000 after acquiring an additional 5,640 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hf Foods Group by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after acquiring an additional 5,708 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Hf Foods Group by 6.0% in the third quarter. Bridgeway Capital Management LLC now owns 112,155 shares of the company’s stock valued at $310,000 after acquiring an additional 6,337 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Hf Foods Group by 10.1% in the fourth quarter. Empowered Funds LLC now owns 80,713 shares of the company’s stock valued at $174,000 after acquiring an additional 7,384 shares during the last quarter. 24.02% of the stock is owned by institutional investors and hedge funds.

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.