FY2024 EPS Estimates for HF Foods Group Cut by Analyst

HF Foods Group Inc. (NASDAQ:HFFG) – Sidoti Csr lowered their FY2024 EPS estimates for shares of HF Foods Group in a report issued on Tuesday, November 19th. Sidoti Csr analyst D. Harriman now anticipates that the company will post earnings per share of $0.22 for the year, down from their previous forecast of $0.37. The consensus estimate for HF Foods Group’s current full-year earnings is $0.37 per share.

HF Foods Group Stock Performance

Shares of HFFG opened at $3.54 on Thursday. HF Foods Group has a 1 year low of $2.46 and a 1 year high of $5.91. The company’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.30. The company has a market capitalization of $186.70 million, a price-to-earnings ratio of -118.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18.

Institutional Investors Weigh In On HF Foods Group

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in HF Foods Group in the third quarter valued at $49,000. BNP Paribas Financial Markets increased its stake in shares of HF Foods Group by 63.0% during the 1st quarter. BNP Paribas Financial Markets now owns 19,344 shares of the company’s stock valued at $68,000 after acquiring an additional 7,477 shares during the last quarter. Perritt Capital Management Inc lifted its holdings in shares of HF Foods Group by 40.0% during the 2nd quarter. Perritt Capital Management Inc now owns 35,000 shares of the company’s stock worth $105,000 after acquiring an additional 10,000 shares during the period. Barclays PLC boosted its position in shares of HF Foods Group by 291.8% in the third quarter. Barclays PLC now owns 56,685 shares of the company’s stock worth $203,000 after acquiring an additional 42,217 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in HF Foods Group by 7.7% in the second quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock valued at $211,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 24.02% of the company’s stock.

HF Foods Group Company Profile

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.