Happy Belly’s Heal Wellness Expands into London, Ontario

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

Happy Belly Food Group’s Heal Wellness has signed a franchise agreement to expand into London, Ontario, as part of its strategy to grow its presence in key Canadian markets. This expansion aligns with Heal’s goal to become North America’s leading smoothie bowl chain, leveraging London’s vibrant community and large student population to drive growth. With 27 locations operating and over 168 in development, Heal’s expansion supports Happy Belly’s broader portfolio of 626 committed retail franchise locations, enhancing its industry positioning and offering potential benefits to stakeholders.

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 the quick-service restaurant industry, particularly through its brand Heal Wellness, which specializes in fresh smoothie bowls, açaí bowls, and smoothies.

Average Trading Volume: 151,441

Technical Sentiment Signal: Buy

Current Market Cap: C$221.4M

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