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Happy Belly Food Group ( (TSE:HBFG) ) has provided an update.
Happy Belly Food Group has opened the first Quebec location of its Yolks Breakfast brand in Dollard-des-Ormeaux, a high-traffic Montreal suburb, marking the first of 26 contractually committed Yolks sites planned for the province under an area development agreement with experienced local operators. The launch, which brings Yolks to six operating restaurants out of 51 secured nationally and contributes to Happy Belly’s 666 contracted locations across its portfolio, underscores the company’s asset-light franchising and disciplined real estate strategy as it pushes to establish Yolks as a leading breakfast concept in Quebec and reinforces Happy Belly’s positioning as one of Canada’s fastest-growing multi-brand restaurant groups.
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 consolidator focused on acquiring and scaling emerging restaurant and food brands. Its portfolio includes concepts such as Heal Wellness, Rosie’s Burgers, Yolks Breakfast, and Via Cibo Italian Street Food, targeting growth through franchising and multi-brand expansion across Canada.
YTD Price Performance: -12.67%
Average Trading Volume: 187,308
Technical Sentiment Signal: Buy
Current Market Cap: C$252.4M
For a thorough assessment of HBFG stock, go to TipRanks’ Stock Analysis page.