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Happy Belly Food Group ( (TSE:HBFG) ) just unveiled an announcement.
Happy Belly Food Group has announced a new franchise agreement and secured a prime location for Heal Wellness at Toronto’s Eaton Centre, a high-traffic retail destination. This expansion aligns with Heal Wellness’s mission to provide healthy, fresh, and convenient foods, and supports Happy Belly’s broader strategy to consolidate restaurant brands across Canada, with 626 franchise locations in development.
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 offers a diverse portfolio of brands, including Heal Wellness, iQ Food Co., 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
Learn more about HBFG stock on TipRanks’ Stock Analysis page.