Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Happy Belly Food Group ( (TSE:HBFG) ) is now available.
Happy Belly Food Group has announced a definitive agreement to acquire the remaining 50% of Heal Wellness, a quick-service restaurant brand known for its smoothie bowls and açaí bowls. This acquisition will make Heal Wellness a wholly owned subsidiary of Happy Belly, enhancing its market presence with 27 operating stores and a pipeline of 168 additional locations across Canada and the U.S. The move is part of Happy Belly’s strategy to scale and franchise emerging restaurant brands, and it reflects the company’s commitment to expanding its wellness-focused dining options.
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 company focused on acquiring and scaling emerging food brands. It operates in the food industry with a market focus on quick-service restaurants, particularly those specializing in wellness-oriented products like smoothie bowls and açaí bowls.
Average Trading Volume: 112,013
Technical Sentiment Signal: Buy
Current Market Cap: C$178.7M
See more insights into HBFG stock on TipRanks’ Stock Analysis page.