Hf Foods Group (NASDAQ:HFFG) Stock Price Down 1% – Here’s What Happened

Hf Foods Group Inc. (NASDAQ:HFFG) shares fell 1% during mid-day trading on Monday . The stock traded as low as $1.85 and last traded at $1.93. 134,114 shares traded hands during trading, a decline of 12% from the average session volume of 152,107 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HFFG. Alliance Global Partners began coverage on Hf Foods Group in a report on Thursday, April 16th. They set a “buy” rating and a $5.00 price objective on the stock. Weiss Ratings raised Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Roth Mkm reissued a “buy” rating on shares of Hf Foods Group in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded Hf Foods Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hf Foods Group has a consensus rating of “Hold” and a consensus price target of $5.50.

Hf Foods Group Stock Down 1.0%

The company has a current ratio of 1.11, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $1.97 and a 200-day moving average price of $2.07. The firm has a market cap of $103.20 million, a P/E ratio of -2.84, a P/E/G ratio of 0.54 and a beta of 0.53.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $307.36 million. Hf Foods Group had a positive return on equity of 6.94% and a negative net margin of 2.90%. On average, equities analysts forecast that Hf Foods Group Inc. will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Hf Foods Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock worth $5,964,000 after acquiring an additional 20,181 shares during the period. Geode Capital Management LLC grew its holdings in Hf Foods Group by 1.7% during the second 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 during the period. North Star Investment Management Corp. grew its holdings in Hf Foods Group by 1,564.3% during the first quarter. North Star Investment Management Corp. now owns 466,000 shares of the company’s stock worth $862,000 after acquiring an additional 438,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in Hf Foods Group by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock worth $1,161,000 after acquiring an additional 5,708 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Hf Foods Group by 9,703.0% during the fourth quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock worth $752,000 after acquiring an additional 346,010 shares during the period. 24.02% of the stock is currently owned by hedge funds and other institutional investors.

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.