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An update from Happy Belly Food Group ( (TSE:HBFG) ) is now available.
Happy Belly Food Group has finalized the earn-out agreement for its acquisition of the Via Cibo Restaurant Chain, which specializes in fast-casual Italian street food. The integration of Via Cibo into Happy Belly’s framework has led to increased EBITDA and expansion with new franchise locations. The company continues to leverage its asset-light franchise model to accelerate growth, aiming to become a leading restaurant consolidator in Canada. The transaction involves issuing shares to the sellers and is classified as a related party transaction under regulatory guidelines.
The most recent analyst rating on (TSE:HBFG) stock is a Hold with a C$1.00 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.
The overall stock score reflects significant financial challenges, including high leverage and negative profitability, which are the most impactful factors. Technical indicators are neutral, providing no strong directional bias, while valuation metrics suggest potential overvaluation.
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. The company focuses on the quick-service restaurant (QSR) industry, utilizing an asset-light franchise model to drive growth across its portfolio of brands in the Canadian market.
Average Trading Volume: 113,604
Technical Sentiment Signal: Buy
Current Market Cap: C$178.7M
Find detailed analytics on HBFG stock on TipRanks’ Stock Analysis page.