HF Foods Group (NASDAQ:HFFG) Cut to Buy at Wall Street Zen

HF Foods Group (NASDAQ:HFFG) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Roth Capital began coverage on shares of HF Foods Group in a report on Friday, May 9th. They set a “buy” rating and a $7.00 price target for the company.

HF Foods Group Stock Down 6.3%

NASDAQ:HFFG opened at $3.43 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $3.89 and a 200-day moving average of $3.34. The firm has a market capitalization of $181.84 million, a PE ratio of -114.33 and a beta of 0.61. HF Foods Group has a 52 week low of $1.70 and a 52 week high of $4.93.

HF Foods Group (NASDAQ:HFFG) last released its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The company had revenue of $298.43 million for the quarter, compared to analyst estimates of $303.68 million. HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. 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 made changes to their positions in HFFG. Intech Investment Management LLC bought a new position in HF Foods Group in the 4th quarter worth approximately $42,000. Prudential Financial Inc. bought a new stake in HF Foods Group during the 4th quarter valued at $42,000. JPMorgan Chase & Co. boosted its position in HF Foods Group by 100.2% during the 4th quarter. JPMorgan Chase & Co. now owns 150,504 shares of the company’s stock worth $483,000 after acquiring an additional 75,319 shares during the period. Wells Fargo & Company MN boosted its position in HF Foods Group by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 23,631 shares of the company’s stock worth $76,000 after acquiring an additional 5,348 shares during the period. Finally, Barclays PLC grew its stake in shares of HF Foods Group by 8.2% in the fourth quarter. Barclays PLC now owns 61,350 shares of the company’s stock worth $197,000 after purchasing an additional 4,665 shares in the last quarter. Institutional investors own 24.02% of the company’s stock.

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.