Hf Foods Group (NASDAQ:HFFG) Issues Earnings Results

Hf Foods Group (NASDAQ:HFFG) released its 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 business 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

Shares of NASDAQ:HFFG traded down $0.08 during trading on Monday, hitting $2.05. 352,591 shares of the company traded hands, compared to its average volume of 180,659. The company has a quick ratio of 0.42, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average is $1.93 and its 200-day moving average is $2.37. The stock has a market capitalization of $108.73 million, a price-to-earnings ratio of -2.38 and a beta of 0.42. Hf Foods Group has a one year low of $1.38 and a one year high of $4.93.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in Hf Foods Group in the first quarter worth $115,000. Jane Street Group LLC acquired a new position in shares of Hf Foods Group during the first quarter valued at $319,000. Geode Capital Management LLC boosted its holdings 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 valued at $3,036,000 after acquiring an additional 15,714 shares during the period. American Century Companies Inc. bought a new position in shares of Hf Foods Group during the second quarter worth about $162,000. Finally, XTX Topco Ltd bought a new position in shares of Hf Foods Group during the second quarter worth about $108,000. Institutional investors and hedge funds 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.