Happy Belly Food Group Expands Via Cibo with 10 New Locations in Alberta

Happy Belly Food Group ( (TSE:HBFG) ) has shared an announcement.

Happy Belly Food Group announced the signing of a 10-unit development agreement for its Via Cibo Italian fast-casual restaurant chain in Alberta. This move builds on the brand’s existing presence and is part of the company’s disciplined expansion strategy, which aims to grow its franchise system and strengthen its market position in Canada. The agreement signifies confidence in the Alberta market’s growth factors and reaffirms Happy Belly’s commitment to delivering long-term value for stakeholders.

The most recent analyst rating on (TSE:HBFG) stock is a Hold with a C$2.00 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.

Happy Belly Food Group’s overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant profitability and cash flow challenges. Technical analysis indicates a bullish trend, but overbought signals suggest caution. The valuation is weak due to a negative P/E ratio and lack of dividend yield.

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 Canadian company specializing in acquiring and scaling emerging food brands. With a focus on asset-light, franchise-driven growth strategies, the company manages a diverse portfolio of brands across Canada, including Via Cibo, known for its fast-casual Italian dining experience.

Average Trading Volume: 186,221

Technical Sentiment Signal: Buy

Current Market Cap: C$281.1M

Find detailed analytics on HBFG stock on TipRanks’ Stock Analysis page.