FY2024 EPS Estimate for HF Foods Group Decreased by Analyst

HF Foods Group Inc. (NASDAQ:HFFG) – Stock analysts at Sidoti Csr dropped their FY2024 EPS estimates for HF Foods Group in a note issued to investors on Tuesday, November 19th. Sidoti Csr analyst D. Harriman now forecasts that the company will earn $0.22 per share for the year, down from their prior estimate of $0.37. The consensus estimate for HF Foods Group’s current full-year earnings is $0.37 per share.

HF Foods Group Price Performance

Shares of HFFG opened at $3.41 on Thursday. The stock has a market cap of $179.84 million, a PE ratio of -113.67 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. HF Foods Group has a fifty-two week low of $2.46 and a fifty-two week high of $5.91. The firm’s 50-day simple moving average is $3.43 and its two-hundred day simple moving average is $3.29.

Institutional Investors Weigh In On HF Foods Group

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of HF Foods Group by 2.2% during the first quarter. Vanguard Group Inc. now owns 1,859,613 shares of the company’s stock valued at $6,509,000 after buying an additional 39,438 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of HF Foods Group by 0.4% during the third quarter. Geode Capital Management LLC now owns 922,061 shares of the company’s stock valued at $3,292,000 after buying an additional 3,815 shares during the last quarter. State Street Corp grew its holdings in shares of HF Foods Group by 0.4% during the third quarter. State Street Corp now owns 762,836 shares of the company’s stock valued at $2,723,000 after buying an additional 3,155 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of HF Foods Group by 30.8% during the second quarter. Dimensional Fund Advisors LP now owns 238,069 shares of the company’s stock valued at $715,000 after buying an additional 56,014 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of HF Foods Group by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 119,683 shares of the company’s stock valued at $359,000 after buying an additional 11,372 shares during the last quarter. Hedge funds and other institutional investors 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.