Hf Foods Group (NASDAQ:HFFG) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Hf Foods Group (NASDAQ:HFFG) issued its quarterly earnings results on Monday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05), FiscalAI reports. The company had revenue of $308.02 million for the quarter, compared to the consensus estimate of $308.37 million. Hf Foods Group had a negative net margin of 3.71% and a positive return on equity of 8.01%.

Hf Foods Group Stock Performance

NASDAQ:HFFG traded down $0.08 on Monday, hitting $2.05. The stock had a trading volume of 349,735 shares, compared to its average volume of 178,802. The business’s 50-day simple moving average is $1.93 and its two-hundred day simple moving average is $2.37. The stock has a market cap of $108.73 million, a price-to-earnings ratio of -2.38 and a beta of 0.42. Hf Foods Group has a 52-week low of $1.38 and a 52-week high of $4.93. The company has a quick ratio of 0.42, a current ratio of 1.19 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Hf Foods Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HFFG. Abel Hall LLC bought a new stake in Hf Foods Group during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its position in shares of Hf Foods Group by 192.7% in 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. Virtu Financial LLC bought a new position in shares of Hf Foods Group in the third quarter worth approximately $39,000. Invesco Ltd. increased its stake in shares of Hf Foods Group by 37.1% in 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 in the last quarter. Finally, HRT Financial LP bought a new stake in shares of Hf Foods Group during the 4th quarter valued at $40,000. 24.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hf Foods Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7.00.

About Hf Foods Group

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.