Hf Foods Group (NASDAQ:HFFG) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Hf Foods Group (NASDAQ:HFFG) posted its earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04), FiscalAI reports. Hf Foods Group had a positive return on equity of 8.01% and a negative net margin of 3.71%.The business had revenue of $306.98 million for the quarter, compared to the consensus estimate of $303.41 million.

Hf Foods Group Trading Up 2.7%

HFFG traded up $0.06 during trading on Wednesday, reaching $2.29. 17,952 shares of the company’s stock were exchanged, compared to its average volume of 116,643. The firm has a fifty day moving average price of $2.73 and a two-hundred day moving average price of $3.20. The stock has a market capitalization of $121.46 million, a PE ratio of -2.66, a price-to-earnings-growth ratio of 0.93 and a beta of 0.52. Hf Foods Group has a one year low of $1.70 and a one year high of $4.93. The company has a current ratio of 1.19, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Hf Foods Group

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Hf Foods Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock valued at $5,964,000 after acquiring an additional 20,181 shares in the last quarter. Geode Capital Management LLC increased its stake in Hf Foods Group by 1.7% in the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock valued at $3,036,000 after purchasing an additional 15,714 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Hf Foods Group by 665.4% in the second quarter. Bridgeway Capital Management LLC now owns 105,818 shares of the company’s stock valued at $337,000 after purchasing an additional 91,992 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Hf Foods Group during the first quarter valued at about $319,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Hf Foods Group by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock worth $150,000 after purchasing an additional 5,640 shares in the last quarter. 24.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HFFG has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Hf Foods Group in a report on Wednesday, October 8th. Wall Street Zen lowered Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hf Foods Group currently has an average rating of “Hold” and a consensus price target of $7.00.

Hf Foods Group Company Profile

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.