Shares of Hf Foods Group Inc. (NASDAQ:HFFG – Get Free Report) dropped 0.6% on Monday. The company traded as low as $1.55 and last traded at $1.58. 36,917 shares were traded during trading, a decline of 52% from the average daily volume of 76,568 shares. The stock had previously closed at $1.59.
Analysts Set New Price Targets
HFFG has been the topic of several analyst reports. Weiss Ratings raised Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 22nd. Alliance Global Partners restated a “buy” rating on shares of Hf Foods Group in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.
View Our Latest Analysis on Hf Foods Group
Hf Foods Group Price Performance
Hf Foods Group (NASDAQ:HFFG – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Hf Foods Group had a negative net margin of 2.77% and a positive return on equity of 7.24%. The business had revenue of $323.78 million for the quarter, compared to analysts’ expectations of $320.54 million. On average, equities research analysts anticipate that Hf Foods Group Inc. will post 0.32 EPS for the current year.
Institutional Investors Weigh In On Hf Foods Group
A number of large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in shares of Hf Foods Group in the 2nd quarter worth $30,000. Susquehanna International Group LLP increased its position in Hf Foods Group by 670.0% during the second quarter. Susquehanna International Group LLP now owns 145,765 shares of the company’s stock valued at $206,000 after acquiring an additional 126,834 shares during the last quarter. Empowered Funds LLC bought a new position in Hf Foods Group in the second quarter valued at about $128,000. Bank of America Corp DE bought a new position in Hf Foods Group in the second quarter valued at about $49,000. Finally, BlackRock Inc. purchased a new position in Hf Foods Group in the second quarter worth about $907,000. Institutional investors own 24.02% of the company’s stock.
Hf Foods Group Company Profile
HF Foods Group Inc (NASDAQ:HFFG) is a foodservice distributor serving restaurants and other foodservice customers in the United States. The company specializes in supplying Asian and Chinese restaurants, while also serving a broader range of independent and institutional foodservice businesses.
Its product portfolio includes fresh produce, meat, seafood, frozen and dry goods, beverages, and restaurant supplies. HF Foods also provides related services such as warehousing, order fulfillment, delivery, and support for customers’ day-to-day foodservice needs.
HF Foods traces its roots to 1997 and has expanded through a network of distribution facilities serving customers in multiple U.S.
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