Hf Foods Group (NASDAQ:HFFG) Now Covered by Analysts at Alliance Global Partners

Alliance Global Partners began coverage on shares of Hf Foods Group (NASDAQ:HFFG) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $5.00 price objective on the stock.

HFFG has been the topic of a number of other research reports. Wall Street Zen cut Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. Finally, Roth Mkm reduced their price objective on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hf Foods Group presently has an average rating of “Hold” and a consensus price target of $5.50.

Hf Foods Group Stock Up 1.9%

HFFG opened at $2.12 on Thursday. The stock has a market cap of $112.44 million, a PE ratio of -2.90, a P/E/G ratio of 0.59 and a beta of 0.48. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.61. Hf Foods Group has a 52 week low of $1.38 and a 52 week high of $4.45. The business’s fifty day simple moving average is $1.86 and its 200 day simple moving average is $2.17.

Hf Foods Group (NASDAQ:HFFG) last released its earnings results on Monday, March 16th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The firm had revenue of $308.02 million during the quarter, compared to the consensus estimate of $308.37 million. Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. As a group, research analysts expect that Hf Foods Group will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Abel Hall LLC bought a new position in shares of Hf Foods Group during the fourth quarter valued at about $26,000. Virtu Financial LLC purchased a new stake in shares of Hf Foods Group during the third quarter worth about $39,000. HRT Financial LP purchased a new stake in shares of Hf Foods Group during the fourth quarter worth about $40,000. Tower Research Capital LLC TRC boosted its holdings in shares of Hf Foods Group by 192.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock worth $40,000 after purchasing an additional 8,197 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Hf Foods Group by 37.1% during the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after purchasing an additional 4,351 shares during the period. 24.02% of the stock is owned by 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.