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

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz acquired 100,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was bought at an average price of C$0.32 per share, with a total value of C$32,000.00. Following the completion of the acquisition, the director directly owned 7,900,000 shares of the company’s stock, 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 purchased at an average price of C$0.34 per share, for a total transaction of C$17,000.00.

Goodfood Market Trading Down 4.8%

FOOD opened at C$0.30 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of -212.01. 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 PE ratio of -3.33 and a beta of 1.98. The business has a 50 day moving average of C$0.29 and a 200-day moving average of C$0.26.

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

Wall Street Analyst Weigh In

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