Hf Foods Group (NASDAQ:HFFG) Research Coverage Started at Alliance Global Partners

Alliance Global Partners started coverage on shares of Hf Foods Group (NASDAQ:HFFG) in a research note published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $5.00 price objective on the stock.

A number of other equities research analysts have also weighed in on the company. Roth Mkm reduced their price objective on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.50.

Hf Foods Group Price Performance

Shares of NASDAQ:HFFG opened at $2.16 on Thursday. Hf Foods Group has a one year low of $1.38 and a one year high of $4.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 0.53. The company has a market cap of $114.57 million, a price-to-earnings ratio of -2.96, a PEG ratio of 0.60 and a beta of 0.48. The firm has a 50 day simple moving average of $1.87 and a 200 day simple moving average of $2.16.

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

Institutional Trading of Hf Foods Group

Several institutional investors have recently modified their holdings of HFFG. Russell Investments Group Ltd. raised its position in Hf Foods Group by 9,703.0% during the 4th quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock worth $752,000 after purchasing an additional 346,010 shares during the last quarter. Rothschild Wealth LLC bought a new stake in shares of Hf Foods Group in the 4th quarter valued at about $456,000. Bridgeway Capital Management LLC grew its position in shares of Hf Foods Group by 665.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 105,818 shares of the company’s stock valued at $337,000 after buying an additional 91,992 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Hf Foods Group in the first quarter valued at about $319,000. Finally, American Century Companies Inc. acquired a new stake in shares of Hf Foods Group in the second quarter valued at about $162,000. Institutional investors own 24.02% of the company’s stock.

About Hf Foods Group

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.