Hf Foods Group (NASDAQ:HFFG) Posts Earnings Results, Meets Expectations

Hf Foods Group (NASDAQ:HFFG) issued its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06, FiscalAI reports. The company had revenue of $312.00 million for the quarter, compared to analysts’ expectations of $307.36 million. Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%.

Hf Foods Group Price Performance

HFFG traded up $0.01 during trading on Monday, reaching $1.90. 362,206 shares of the company traded hands, compared to its average volume of 180,183. Hf Foods Group has a 12-month low of $1.38 and a 12-month high of $4.45. The firm has a fifty day simple moving average of $1.97 and a 200 day simple moving average of $2.10. 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 company has a market cap of $101.59 million, a P/E ratio of -2.60, a PEG ratio of 0.54 and a beta of 0.53.

Wall Street Analysts Forecast Growth

HFFG has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating on shares of Hf Foods Group in a report on Wednesday, April 29th. Wall Street Zen lowered Hf Foods Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Alliance Global Partners began coverage on Hf Foods Group in a research report on Thursday, April 16th. They issued a “buy” rating and a $5.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hf Foods Group presently has an average rating of “Hold” and a consensus target price of $5.50.

Institutional Trading of Hf Foods Group

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Hf Foods Group in the first quarter worth about $115,000. Jane Street Group LLC bought a new stake in Hf Foods Group in the 1st quarter worth approximately $319,000. Geode Capital Management LLC raised its holdings in shares of Hf Foods Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after acquiring an additional 15,714 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Hf Foods Group during the 2nd quarter worth approximately $162,000. Finally, XTX Topco Ltd bought a new position in shares of Hf Foods Group during the 2nd quarter valued at approximately $108,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

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.