Goodfood Market (TSE:FOOD) Director John Khabbaz Buys 100,000 Shares of Stock

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average cost of C$0.32 per share, for a total transaction of C$32,000.00. Following the completion of the purchase, the director directly owned 7,900,000 shares in the company, valued at C$2,528,000. This trade represents a 1.28% increase in their ownership of the stock.

John Khabbaz also recently made the following trade(s):

• On Wednesday, December 24th, John Khabbaz bought 50,000 shares of Goodfood Market stock. The shares were acquired at an average cost of C$0.34 per share, with a total value of C$17,000.00.

Goodfood Market Trading Down 4.8%

Shares of FOOD stock opened at C$0.30 on Friday. Goodfood Market Corp. has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.53. The company has a debt-to-equity ratio of -212.01, a quick ratio of 0.77 and a current ratio of 0.98. The stock has a 50 day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.26. The company has a market cap of C$29.65 million, a P/E ratio of -3.33 and a beta of 1.98.

Goodfood Market (TSE:FOOD) last posted its quarterly earnings results on Tuesday, January 20th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$27.54 million for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%. Research analysts forecast that Goodfood Market Corp. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Desjardins decreased their price target on shares of Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating for the company in a research note on Friday, November 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$0.23.

About Goodfood Market

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.