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Happy Belly Food Group ( (TSE:HBFG) ) has issued an announcement.
Happy Belly Food Group has completed the acquisition of 50% of SALUS Fresh Foods, a quick-service restaurant chain known for its fresh and healthy offerings. This acquisition is part of Happy Belly’s strategy to expand its portfolio of food brands, now totaling 73 restaurants, and to enhance its market position as a leading consolidator of emerging food brands in Canada. The acquisition is expected to bring operational synergies and efficiencies, optimizing costs and supporting the growth of both brands.
The most recent analyst rating on (TSE:HBFG) stock is a Hold with a C$1.00 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 driven by its robust corporate expansion and strategic partnerships, which are positive indicators of future growth. However, financial performance challenges, including negative profitability and high leverage, weigh heavily on the score. The technical analysis suggests a stable but unremarkable short-term outlook, while valuation concerns due to negative earnings further impact the score.
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.
Average Trading Volume: 85,368
Technical Sentiment Signal: Buy
Current Market Cap: C$154.1M
For a thorough assessment of HBFG stock, go to TipRanks’ Stock Analysis page.