FY2024 EPS Estimates for HF Foods Group Cut by Sidoti Csr

HF Foods Group Inc. (NASDAQ:HFFG) – Investment analysts at Sidoti Csr lowered their FY2024 earnings per share estimates for shares of 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 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 Down 1.4 %

NASDAQ:HFFG opened at $3.41 on Thursday. The company has a market cap of $179.84 million, a price-to-earnings ratio of -113.67 and a beta of 1.47. HF Foods Group has a twelve month low of $2.46 and a twelve month high of $5.91. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $3.43 and a 200-day simple moving average of $3.29.

Institutional Investors Weigh In On HF Foods Group

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position 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 worth $2,723,000 after acquiring an additional 3,155 shares during the period. Geode Capital Management LLC grew its stake in HF Foods Group by 0.4% in the third quarter. Geode Capital Management LLC now owns 922,061 shares of the company’s stock worth $3,292,000 after purchasing an additional 3,815 shares in the last quarter. Renaissance Technologies LLC increased its holdings in HF Foods Group by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock worth $211,000 after purchasing an additional 5,000 shares during the period. BNP Paribas Financial Markets raised its position in 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 purchasing an additional 7,477 shares in the last quarter. Finally, Perritt Capital Management Inc lifted its holdings in shares of HF Foods Group by 40.0% in the 2nd quarter. Perritt Capital Management Inc now owns 35,000 shares of the company’s stock worth $105,000 after buying an additional 10,000 shares during the period. 24.02% of the stock is owned by hedge funds and other institutional investors.

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.