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An update from Happy Belly Food Group ( (TSE:HBFG) ) is now available.
Happy Belly Food Group’s Rosie’s Burgers chain is opening its 12th location in Waterloo, Ontario, marking another step in the brand’s national rollout of its boutique quick-service smash burger concept targeting high-traffic, youth-oriented neighbourhoods. The new site, positioned near the University of Waterloo and Wilfrid Laurier University, taps into a dense student and professional demographic, while the company reports over 113 additional Rosie’s locations in development and a total of 666 contracted franchise locations across its brands, underscoring its aggressive growth strategy and ambitions as a leading restaurant consolidator. In a parallel move to bolster its balance sheet and signal investor confidence, long-time supporter K2 & Associates has converted a C$2 million debenture into equity, eliminating related convertible debt and increasing its ownership stake in Happy Belly.
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 company focused on acquiring and scaling emerging food and restaurant brands. Its portfolio spans multiple quick-service and fast-casual concepts, including Heal Wellness, Rosie’s Burgers, Yolks Breakfast and Via Cibo Italian Street Food, with a strong emphasis on franchising and national expansion across key Canadian markets.
Average Trading Volume: 187,060
Technical Sentiment Signal: Buy
Current Market Cap: C$252.4M
See more data about HBFG stock on TipRanks’ Stock Analysis page.