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

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average cost of C$0.34 per share, for a total transaction of C$17,000.00. Following the transaction, the director directly owned 7,950,000 shares in the company, valued at approximately C$2,703,000. The trade was a 0.63% increase in their ownership of the stock.

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

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

Goodfood Market Price Performance

FOOD opened at C$0.30 on Monday. The company has a market capitalization of C$29.65 million, a price-to-earnings ratio of -3.33 and a beta of 1.98. 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 firm has a 50-day moving average price of C$0.29 and a 200-day moving average price of C$0.26. Goodfood Market Corp. has a twelve month low of C$0.14 and a twelve month high of C$0.53.

Goodfood Market (TSE:FOOD) last released 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 during the quarter. Equities analysts expect that Goodfood Market Corp. will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Desjardins dropped their price objective on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating on the stock in a report on Friday, November 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Goodfood Market has a consensus rating of “Hold” and an average target price of C$0.23.

Goodfood Market Company Profile

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.