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

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of C$0.34 per share, with a total value of C$17,000.00. Following the completion of the acquisition, the director owned 7,950,000 shares in the company, valued at 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, for a total transaction of C$32,000.00.

Goodfood Market Stock Down 4.8%

Goodfood Market stock opened at C$0.30 on Friday. Goodfood Market Corp. has a 12 month low of C$0.14 and a 12 month high of C$0.53. The stock has a fifty day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.26. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of -212.01. The firm 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 results on Tuesday, January 20th. The company reported C($0.03) earnings per share (EPS) 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. Equities analysts predict that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Desjardins dropped their price target on shares of 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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Goodfood Market has an average rating of “Hold” and an average 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.