Roth Capital Begins Coverage on HF Foods Group (NASDAQ:HFFG)

Roth Capital began coverage on shares of HF Foods Group (NASDAQ:HFFG) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $7.00 price objective on the stock.

HF Foods Group Stock Up 11.3 %

HF Foods Group stock opened at $4.34 on Friday. The firm has a market cap of $228.88 million, a price-to-earnings ratio of -144.67 and a beta of 0.58. HF Foods Group has a 52-week low of $1.70 and a 52-week high of $4.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18. The firm has a 50 day moving average price of $3.63 and a two-hundred day moving average price of $3.28.

HF Foods Group (NASDAQ:HFFG) last released its earnings results on Thursday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $305.28 million for the quarter, compared to analyst estimates of $287.86 million. HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. Equities analysts predict that HF Foods Group will post 0.22 EPS for the current year.

Institutional Investors Weigh In On HF Foods Group

A number of hedge funds have recently added to or reduced their stakes in HFFG. Barclays PLC boosted its holdings in shares of HF Foods Group by 291.8% during the 3rd quarter. Barclays PLC now owns 56,685 shares of the company’s stock worth $203,000 after buying an additional 42,217 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in HF Foods Group by 110.8% during the third quarter. JPMorgan Chase & Co. now owns 75,185 shares of the company’s stock worth $268,000 after acquiring an additional 39,517 shares in the last quarter. SG Americas Securities LLC grew its holdings in HF Foods Group by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 19,418 shares of the company’s stock worth $62,000 after purchasing an additional 5,686 shares during the period. Intech Investment Management LLC bought a new stake in HF Foods Group in the fourth quarter valued at $42,000. Finally, Prudential Financial Inc. bought a new stake in HF Foods Group in the fourth quarter valued at $42,000. 24.02% of the stock is currently owned by institutional investors.

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.