Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Happy Belly Food Group ( (TSE:HBFG) ) has issued an update.
Happy Belly Food Group has announced the opening of its 22nd Heal Wellness location in the University District of the University of Calgary. This marks the company’s seventh location in Alberta and tenth in Western Canada, contributing to a total of 54 restaurants in its network. The expansion is part of Happy Belly’s strategy to accelerate growth through organic initiatives and strategic acquisitions, aiming to become a predictable, disciplined growth company. With 531 contractually committed retail franchise locations, Happy Belly is focused on selecting the right franchise partners and securing optimal real estate to achieve its development goals.
Spark’s Take on TSE:HBFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HBFG is a Neutral.
Happy Belly Food Group exhibits robust revenue growth and strategic expansion, reflected in corporate events, yet significant financial challenges remain due to negative profitability and high leverage. The technical analysis suggests caution, with the stock trading below critical moving averages. Valuation metrics further reflect ongoing concerns, as evidenced by a negative P/E ratio.
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 expanding its portfolio of quick-serve restaurants, including Heal Wellness, which offers fresh smoothie bowls, acai bowls, and smoothies.
Average Trading Volume: 127,688
Technical Sentiment Signal: Buy
Current Market Cap: C$135.9M
Learn more about HBFG stock on TipRanks’ Stock Analysis page.