HF Foods Group to Meet Virtually with Benchmark on July 17.

HF Foods Group management will meet virtually with Benchmark on July 17 at 1 pm. Elevate your investing strategy with TipRanks Premium, offering powerful tools, advanced data, and expert analyst insights. Make smarter investment decisions with TipRanks' Smart Investor Picks delivered weekly to your inbox. See today's best-performing stocks on TipRanks.

HF Foods Group Inc. (HFFG) has scheduled a virtual meeting with Benchmark for July 17 at 1 PM, offering investors a valuable opportunity to gain insights and elevate their investment strategies. The meeting aims to provide crucial updates and information related to HFFG, which could significantly influence investment decisions.

Key Financial Metrics and Analyst Forecasts

Based on the latest financial data and analyst forecasts, HFFG's stock has been under scrutiny. The average target price for HFFG, as per two analysts, is $7.00, indicating an average target price increase of 114.07% from the current price of $3.27. The consensus recommendation from one brokerage firm is "Outperform," suggesting a positive outlook from financial professionals. Additionally, GuruFocus estimates HFFG's GF Value to be $4.32 in one year, representing a potential 32.11% upside from the current price [1].

Institutional Ownership and Fund Sentiment

Institutional ownership of HFFG is substantial, with 150 institutional owners and shareholders holding a total of 9,983,402 shares. Major shareholders include BlackRock Inc., Vanguard Group Inc., and Geode Capital Management, LLC. The Fund Sentiment Score, a measure of institutional accumulation, is 50, indicating an average level of accumulation among its peers [2].

Business Developments and Challenges

HF Foods Group reported mixed results in its latest earnings call. The company experienced a net loss increase to $1.5 million, primarily due to unfavorable changes in interest rate swaps. However, positive points include a 0.9% year-over-year increase in net revenue and a 12.3% increase in adjusted EBITDA. The successful implementation of a new ERP application and the launch of a new e-commerce platform have enhanced operational efficiency and customer access to products. Despite these advancements, macroeconomic uncertainty and inflationary pressures pose ongoing challenges [1].

Investment Implications

The upcoming virtual meeting with Benchmark on July 17 presents a critical opportunity for investors to stay informed about HFFG's strategic initiatives and financial performance. The meeting will likely provide updates on the company's plans to mitigate the challenges posed by macroeconomic factors and inflation. Investors are advised to closely follow the earnings call and subsequent reports for a comprehensive understanding of HFFG's future prospects.

References

[1] https://www.gurufocus.com/news/2973684/hffg-virtual-meeting-scheduled-for-july-17-at-1-pm-hffg-stock-news
[2] https://fintel.io/so/us/hffg