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Happy Belly Food Group ( (TSE:HBFG) ) has provided an update.
Happy Belly Food Group’s Heal Wellness, a quick-service restaurant brand specializing in smoothie bowls and smoothies, has signed a franchise agreement for Bradford, Ontario. This move aligns with Heal Wellness’ asset-light growth strategy and aims to strengthen its position as a leading wellness QSR brand in Canada, contributing to Happy Belly’s broader portfolio of 626 retail franchise locations.
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.
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.