Roth/MKM Starts HF Foods Group Inc (HFFG) at Buy

Roth/MKM analyst Bill Kirk initiates coverage on HF Foods Group Inc (NASDAQ: HFFG) with a Buy rating and a price target of $7.00.

The analyst comments: "HF Foods is uniquely positioned to service the needs of the rapidly growing Asian-Specialty Restaurant segment. Asian-style cuisine is dominated by small, independent operators, a group that isn't the focal point of traditional food-service distributors. For years, HF's operating cash flow was redirected to non-operating expenses, capacity was constrained, and revenue stagnant. With new square footage coming online and resources appropriately focused on core operations, HF Foods is poised for growth and improved profitability. We are initiating with a Buy rating and $7 price target."

For an analyst ratings summary and ratings history on HF Foods Group Inc click here. For more ratings news on HF Foods Group Inc click here.

Shares of HF Foods Group Inc closed at $3.90 yesterday.

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