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

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

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Hf Foods Group has an average rating of “Hold” and a consensus price target of $6.00.

Hf Foods Group Stock Up 1.6%

Shares of NASDAQ:HFFG opened at $1.88 on Wednesday. Hf Foods Group has a 1 year low of $1.38 and a 1 year high of $4.93. The business has a 50 day simple moving average of $1.89 and a two-hundred day simple moving average of $2.33. The firm has a market capitalization of $99.72 million, a PE ratio of -2.58, a price-to-earnings-growth ratio of 0.35 and a beta of 0.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.18 and a quick ratio of 0.42.

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). Hf Foods Group had a negative net margin of 3.16% and a positive return on equity of 6.83%. The business had revenue of $308.02 million for the quarter, compared to the consensus estimate of $308.37 million. On average, equities analysts predict that Hf Foods Group will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Hf Foods Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Hf Foods Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock valued at $5,964,000 after acquiring an additional 20,181 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hf Foods Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after purchasing an additional 15,714 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hf Foods Group by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock valued at $1,161,000 after purchasing an additional 5,708 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Hf Foods Group by 9,703.0% during the 4th quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock valued at $752,000 after purchasing an additional 346,010 shares during the last quarter. Finally, Rothschild Wealth LLC acquired a new stake in shares of Hf Foods Group in the 4th quarter worth $456,000. Hedge funds and other institutional investors own 24.02% of the company’s stock.

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.