John Khabbaz Buys 50,000 Shares of Goodfood Market (TSE:FOOD) Stock

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz bought 50,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was bought at an average price of C$0.34 per share, with a total value of C$17,000.00. Following the purchase, the director owned 7,950,000 shares of the company’s stock, valued at approximately C$2,703,000. This represents a 0.63% increase in their position.

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

• On Tuesday, December 23rd, John Khabbaz purchased 100,000 shares of Goodfood Market stock. The stock was acquired at an average cost of C$0.32 per share, with a total value of C$32,000.00.

Goodfood Market Stock Down 4.8%

Shares of FOOD traded down C$0.02 during midday trading on Friday, hitting C$0.30. The company had a trading volume of 39,481 shares, compared to its average volume of 155,495. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of -212.01. The company’s 50 day moving average price is C$0.29 and its 200 day moving average price is C$0.26. Goodfood Market Corp. has a 52 week low of C$0.14 and a 52 week high of C$0.53. The stock has a market cap of C$29.65 million, a price-to-earnings ratio of -3.33 and a beta of 1.98.

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

Wall Street Analyst Weigh In

Separately, Desjardins cut their target price 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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.