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Happy Belly Food Group ( (TSE:HBFG) ) has shared an update.
Happy Belly Food Group has announced a new franchise agreement and secured real estate for Heal Wellness in Airdrie, Alberta, marking a significant step in its expansion across the province. The strategic location in a high-visibility retail area is expected to capitalize on Airdrie’s rapid growth and health-conscious demographics, aligning with Heal Wellness’ mission to provide nutritious dining options. This move strengthens Heal Wellness’ position as a leading smoothie bowl and wellness QSR brand in Canada, contributing to Happy Belly’s portfolio of 626 retail franchise locations.
The most recent analyst rating on (TSE:HBFG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Happy Belly Food Group stock, see the TSE:HBFG Stock Forecast page.
Spark’s Take on TSE:HBFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HBFG is a Neutral.
The overall stock score of 54 reflects a mixed outlook. The most significant factor is the company’s financial performance, which is challenged by high leverage and negative profitability, posing financial risks. Technical analysis shows positive momentum, providing some optimism. However, the poor valuation due to a negative P/E ratio and lack of dividend yield dampens the overall attractiveness of the stock.
To see Spark’s full report on TSE:HBFG stock, click here.
More about Happy Belly Food Group
Happy Belly Food Group Inc. is a leader in acquiring and scaling emerging food brands across Canada. The company focuses on quick-service restaurants and wellness-focused brands, with a portfolio that includes Heal Wellness, Rosie’s Burgers, Yolks Breakfast, and Via Cibo Italian Street Food.
Average Trading Volume: 151,441
Technical Sentiment Signal: Buy
Current Market Cap: C$221.4M
For an in-depth examination of HBFG stock, go to TipRanks’ Overview page.