Key Points
- Director Jeffery Taylor bought 10,000 shares of Hf Foods Group on November 13 at $2.25 per share (a $22,500 purchase), increasing his direct ownership to 10,000 shares.
- The company missed quarterly EPS expectations ($0.08 reported vs. $0.12 expected) despite a revenue beat of $306.98 million, and showed a negative net margin of 3.71%, indicating profitability pressure.
- HFFG trades near $2.20 with a market cap of about $117 million and a negative P/E, while analysts have a consensus "Hold" and $7 price target and institutional ownership is roughly 24% with several small recent buys.
Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) Director Jeffery Taylor acquired 10,000 shares of the business's stock in a transaction on Thursday, November 13th. The stock was purchased at an average price of $2.25 per share, for a total transaction of $22,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $22,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hf Foods Group Stock Down 1.3%
Shares of NASDAQ HFFG opened at $2.21 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.42 and a current ratio of 1.19. Hf Foods Group Inc. has a 1 year low of $1.70 and a 1 year high of $4.93. The stock's 50-day simple moving average is $2.65 and its 200-day simple moving average is $3.16. The firm has a market cap of $117.22 million, a price-to-earnings ratio of -2.57, a PEG ratio of 0.38 and a beta of 0.52.
Hf Foods Group (NASDAQ:HFFG - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). Hf Foods Group had a negative net margin of 3.71% and a positive return on equity of 8.01%. The business had revenue of $306.98 million for the quarter, compared to analyst estimates of $303.41 million. As a group, equities analysts anticipate that Hf Foods Group Inc. will post 0.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hf Foods Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Hf Foods Group during the third quarter worth $39,000. Tower Research Capital LLC TRC raised 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. Invesco Ltd. raised 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. Choreo LLC bought a new position in shares of Hf Foods Group in the 1st quarter worth about $56,000. Finally, Intech Investment Management LLC acquired a new position in shares of Hf Foods Group in the 2nd quarter valued at about $61,000. 24.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HFFG has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Hf Foods Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 1st. Weiss Ratings reissued a "sell (d)" rating on shares of Hf Foods Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.00.
View Our Latest Report on HFFG
Hf Foods Group Company Profile
(
Get Free Report)
HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.
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