Hf Foods Group (NASDAQ:HFFG) Issues Quarterly Earnings Results

Hf Foods Group (NASDAQ:HFFG) issued its quarterly earnings data on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Hf Foods Group had a negative net margin of 3.97% and a positive return on equity of 7.01%.

Hf Foods Group Trading Down 1.7%

Hf Foods Group stock traded down $0.04 during mid-day trading on Monday, hitting $2.34. The company’s stock had a trading volume of 110,035 shares, compared to its average volume of 117,245. Hf Foods Group has a 1 year low of $1.70 and a 1 year high of $4.93. The stock’s fifty day moving average is $2.76 and its two-hundred day moving average is $3.22. The firm has a market capitalization of $124.11 million, a PE ratio of -2.57, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52. The company has a current ratio of 1.19, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

Hedge Funds Weigh In On Hf Foods Group

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake 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 purchasing an additional 20,181 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hf Foods Group by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 54,436 shares of the company’s stock valued at $150,000 after purchasing an additional 5,640 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Hf Foods Group by 665.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 105,818 shares of the company’s stock worth $337,000 after buying an additional 91,992 shares during the period. American Century Companies Inc. acquired a new stake in Hf Foods Group during the 2nd quarter worth approximately $162,000. Finally, Geode Capital Management LLC boosted its position in Hf Foods Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock valued at $3,036,000 after buying an additional 15,714 shares during the period. 24.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Hf Foods Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hf Foods Group presently 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.