Key Points
- CEO Xi Lin bought 8,367 shares at an average price of $1.80 on March 18, increasing his position by 2.01% to 424,171 shares (worth about $763,508); the purchase was disclosed in an SEC filing.
- Hf Foods missed quarterly EPS expectations (reported $0.05 vs. $0.10 consensus) with a negative net margin despite $308.02M in revenue, and the stock trades around $1.79 (below its 50- and 200-day SMAs) with an average analyst rating of "Hold" and a $6.00 price target.
Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) CEO Xi Lin bought 8,367 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $1.80 per share, with a total value of $15,060.60. Following the completion of the purchase, the chief executive officer directly owned 424,171 shares in the company, valued at $763,507.80. The trade was a 2.01% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Hf Foods Group Stock Performance
Hf Foods Group stock traded down $0.05 during midday trading on Thursday, reaching $1.79. 23,132 shares of the company's stock were exchanged, compared to its average volume of 185,186. The stock's 50-day simple moving average is $1.91 and its 200 day simple moving average is $2.35. The firm has a market cap of $94.68 million, a price-to-earnings ratio of -2.47, a P/E/G ratio of 0.26 and a beta of 0.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 1.18. Hf Foods Group Inc. has a 52 week low of $1.38 and a 52 week high of $4.93.
Hf Foods Group (NASDAQ:HFFG - Get Free Report) last released its quarterly earnings data on Monday, March 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $308.37 million. On average, analysts expect that Hf Foods Group Inc. will post 0.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on HFFG shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hf Foods Group in a report on Monday, December 29th. Roth Mkm cut their target price on shares of Hf Foods Group from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Hf Foods Group has an average rating of "Hold" and an average price target of $6.00.
Read Our Latest Stock Analysis on Hf Foods Group
Institutional Trading of Hf Foods Group
Several institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in Hf Foods Group by 10.1% in 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 position in shares of Hf Foods Group by 6.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 119,539 shares of the company's stock worth $257,000 after purchasing an additional 7,384 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Hf Foods Group in the fourth quarter valued at approximately $26,000. Russell Investments Group Ltd. grew its position in 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 worth $752,000 after buying an additional 346,010 shares in the last quarter. Finally, Rothschild Wealth LLC acquired a new stake in Hf Foods Group during the fourth quarter worth approximately $456,000. 24.02% of the stock is currently owned by institutional investors.
About Hf Foods Group
(
Get Free Report)
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.
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