Hf Foods Group (NASDAQ:HFFG) Price Target Lowered to $6.00 at Roth Mkm

Hf Foods Group (NASDAQ:HFFG) had its price target decreased by Roth Mkm from $7.00 to $6.00 in a report published on Wednesday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hf Foods Group presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Hf Foods Group Stock Up 2.8%

Shares of Hf Foods Group stock opened at $1.83 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $1.91 and its two-hundred day simple moving average is $2.35. The company has a market cap of $97.06 million, a P/E ratio of -2.51, a PEG ratio of 0.26 and a beta of 0.42. Hf Foods Group has a 12-month low of $1.38 and a 12-month high of $4.93.

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

Institutional Trading of Hf Foods Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in Hf Foods Group by 10.1% during the 4th quarter. Empowered Funds LLC now owns 80,713 shares of the company’s stock valued at $174,000 after buying an additional 7,384 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Hf Foods Group by 6.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 119,539 shares of the company’s stock worth $257,000 after acquiring an additional 7,384 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Hf Foods Group in the fourth quarter worth $26,000. Russell Investments Group Ltd. increased its holdings in shares of Hf Foods Group by 9,703.0% during the fourth quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock valued at $752,000 after acquiring an additional 346,010 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new position in shares of Hf Foods Group during the fourth quarter valued at $456,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

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.