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Happy Belly Food Group ( (TSE:HBFG) ) just unveiled an announcement.
Happy Belly Food Group’s Heal Wellness brand has secured its first U.S. real-estate location in Lubbock, Texas, marking a significant step in its expansion strategy to become North America’s leading smoothie and acai bowl brand. This move aligns with the brand’s focus on health-conscious consumers in dynamic markets, leveraging Texas’s favorable demographics and economic conditions to drive growth and strengthen its franchise-driven model.
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. Its portfolio includes Heal Wellness, Rosie’s Burgers, Yolks Breakfast, and Via Cibo Italian Street Food.
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.