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Goodfood Market Corp.

FOOD-T

TSE:FOOD

9.12
0.06 (0.65%)
Goodfood Market Corp. is a Canadian public meal kit company based in Montreal, Quebec. It had 61,000 subscribers as of February 28th, 2018, an estimated 30 to 40% of the meal kit market. It is listed on the Toronto Stock Exchange.
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Analysis and Opinions about FOOD-T

Signal
Opinion
Expert
Chart
BUY
BUY
June 23, 2021
Selling off post-pandemic, grossly exaggerated. Trading at a massive discount to HelloFresh. Pivoting to online groceries and building the brand, so it's going after a much bigger market than just meal kits, which still has a lot of growth. Subscriber count down, but basket size up. Long runway for growth, but they can't ignore growing the meal kit side of the business.
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Selling off post-pandemic, grossly exaggerated. Trading at a massive discount to HelloFresh. Pivoting to online groceries and building the brand, so it's going after a much bigger market than just meal kits, which still has a lot of growth. Subscriber count down, but basket size up. Long runway for growth, but they can't ignore growing the meal kit side of the business.
DON'T BUY
DON'T BUY
June 9, 2021
Massive growth from pandemic, but they don't make a lot of money. Great service. Not wildly profitable yet. This could change, or they could be bought. Well run. Not enough excitement to own.
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Massive growth from pandemic, but they don't make a lot of money. Great service. Not wildly profitable yet. This could change, or they could be bought. Well run. Not enough excitement to own.
James Telfser
Price
$7.930
Owned
No
TOP PICK
TOP PICK
April 28, 2021
An oversold pandemic stock, with a huge runway for growth. One of the fastest growing companies in Canada. Trading at only 1x sales. Market leader in Canada. Building out a grocery business, which competitors are not doing. Pandemic has got people used to ordering online. Great entry point. No dividend. (Analysts’ price target is $12.44)
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An oversold pandemic stock, with a huge runway for growth. One of the fastest growing companies in Canada. Trading at only 1x sales. Market leader in Canada. Building out a grocery business, which competitors are not doing. Pandemic has got people used to ordering online. Great entry point. No dividend. (Analysts’ price target is $12.44)
BUY
BUY
January 25, 2021
This is one of his largest positions. He trimmed a little on the way up but it is a long term core holding. The pandemic has really, really helped them. People are ordering more food from home. They are offering their own private label products with same day delivery. They plan to go to $4 Billion in sales over the next five years. They are a competitor to Hello Fresh. Down the road they would be a logical take-over for a grocery store chain. They have executed flawlessly.
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This is one of his largest positions. He trimmed a little on the way up but it is a long term core holding. The pandemic has really, really helped them. People are ordering more food from home. They are offering their own private label products with same day delivery. They plan to go to $4 Billion in sales over the next five years. They are a competitor to Hello Fresh. Down the road they would be a logical take-over for a grocery store chain. They have executed flawlessly.
WATCH
WATCH
December 18, 2020

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A fast growing company that has net cash on its balance sheet. It should be profitable next year. It currently trades around 1.2x sales. The space is competitive but the company executes well. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A fast growing company that has net cash on its balance sheet. It should be profitable next year. It currently trades around 1.2x sales. The space is competitive but the company executes well. Unlock Premium - Try 5i Free

PAST TOP PICK
PAST TOP PICK
September 22, 2020
(A Top Pick Sep 10/19, Up 145%) The pandemic accelerate their already high growth. It's one of the top 30 performing stocks YTD. They reach 280,000 Canadian subs as the largest meal-kit company. Revenues had shot up five-fold over recent years when he bought this at $1.40. They just reported their first profit ever, proving the skeptics wrong. They trade at 1x revenues vs. 2x of its main competitor. Good upside coming.
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(A Top Pick Sep 10/19, Up 145%) The pandemic accelerate their already high growth. It's one of the top 30 performing stocks YTD. They reach 280,000 Canadian subs as the largest meal-kit company. Revenues had shot up five-fold over recent years when he bought this at $1.40. They just reported their first profit ever, proving the skeptics wrong. They trade at 1x revenues vs. 2x of its main competitor. Good upside coming.
BUY
BUY
July 14, 2020
It's been on a tear for the last 6-8 weeks due to a surge on at-home demand. He likes it. They operate at close to cash flow and break-even. They invest a lot in their distribution. Layer in purchases in the coming 6-8 weeks. The momentum is there, and there's opportunity to expand their grocery delivery to meals. Traditional grocers haven't cracked meal delivery, so he's not worried about competition.
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It's been on a tear for the last 6-8 weeks due to a surge on at-home demand. He likes it. They operate at close to cash flow and break-even. They invest a lot in their distribution. Layer in purchases in the coming 6-8 weeks. The momentum is there, and there's opportunity to expand their grocery delivery to meals. Traditional grocers haven't cracked meal delivery, so he's not worried about competition.
Jamie Murray
Price
$6.500
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 3, 2020
A good entry? He has used it personally for food delivery, but does not own the stock. From a valuation perspective be careful here. A good story and good margin business. He would look for a better entry level.
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A good entry? He has used it personally for food delivery, but does not own the stock. From a valuation perspective be careful here. A good story and good margin business. He would look for a better entry level.
James Telfser
Price
$4.610
Owned
No
PAST TOP PICK
PAST TOP PICK
April 28, 2020
(A Top Pick Mar 27/19, Up 13%) One of Canada's top online grocers, delivering meal kits to homes. They were the best performer on the March TSX. Consumers will continue to buy online, post-COVID. Consumer habits are changing long-term that will benefit them. Also, FOOD is adding more items to their menu. It's trading at 0.7x sales, which is half of its peer, Hello Fresh. Also, FOOD scores high in ESG, wasting no food.
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(A Top Pick Mar 27/19, Up 13%) One of Canada's top online grocers, delivering meal kits to homes. They were the best performer on the March TSX. Consumers will continue to buy online, post-COVID. Consumer habits are changing long-term that will benefit them. Also, FOOD is adding more items to their menu. It's trading at 0.7x sales, which is half of its peer, Hello Fresh. Also, FOOD scores high in ESG, wasting no food.
BUY
BUY
October 31, 2019
From $40 to $240 Million in sales in three years. 45% of the meal kit market. They recently announced they're positioning against the grocery market. They are being very smart about this. They are leveraging their platform to add to the food basket. They trade at a big discount. They just announced a reusable box that is made mostly out of air.
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From $40 to $240 Million in sales in three years. 45% of the meal kit market. They recently announced they're positioning against the grocery market. They are being very smart about this. They are leveraging their platform to add to the food basket. They trade at a big discount. They just announced a reusable box that is made mostly out of air.
TOP PICK
TOP PICK
September 10, 2019
One of the fastest-growing companies on the TSX. Trading at only 0.5x their revenue Pays. No dividend. They see a huge opportunity in delivering groceries to the home and not just fresh foods. They're a disruptor in the grocery space. Enjoys high margins. Down the line, a major supermarket will acquiring them. (Analysts’ price target is $4.39)
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One of the fastest-growing companies on the TSX. Trading at only 0.5x their revenue Pays. No dividend. They see a huge opportunity in delivering groceries to the home and not just fresh foods. They're a disruptor in the grocery space. Enjoys high margins. Down the line, a major supermarket will acquiring them. (Analysts’ price target is $4.39)
BUY
BUY
June 3, 2019

They are the meal kit market leaders in Canada. They have a 45% market share. He is a happy customer. They are providing a valuable service to consumers. They did a good job at execution. Their subscriber numbers are ahead of analysts' expectations. He thinks there is a lot of growth yet to come. They are spending a lot of money on marketing now but in a reasonable time they will turn a profit on the bottom line.

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They are the meal kit market leaders in Canada. They have a 45% market share. He is a happy customer. They are providing a valuable service to consumers. They did a good job at execution. Their subscriber numbers are ahead of analysts' expectations. He thinks there is a lot of growth yet to come. They are spending a lot of money on marketing now but in a reasonable time they will turn a profit on the bottom line.

TOP PICK
TOP PICK
March 27, 2019
One of fastest growing companies on TSX. About 45% market share. Subscriber base and revenues have quintupled, but the price hasn't gone up as much. Valuation today is less than a year ago. Expects subscriber base to rise 150% over the next year. The stock has a lot higher to go. No dividend. (Analysts’ price target is $5.10)
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One of fastest growing companies on TSX. About 45% market share. Subscriber base and revenues have quintupled, but the price hasn't gone up as much. Valuation today is less than a year ago. Expects subscriber base to rise 150% over the next year. The stock has a lot higher to go. No dividend. (Analysts’ price target is $5.10)
BUY
BUY
January 28, 2019
Third largest holding. They have a 45% market share. They deliver proportioned meals to your door. There is zero wastage. It reduces your carbon footprint. All the packaging is recyclable. Margins are much healthier. They are growing quickly and the stocks is reasonably priced.
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Third largest holding. They have a 45% market share. They deliver proportioned meals to your door. There is zero wastage. It reduces your carbon footprint. All the packaging is recyclable. Margins are much healthier. They are growing quickly and the stocks is reasonably priced.
STRONG BUY
STRONG BUY
December 3, 2018
It is one of Canada's leading meal kit companies. Last quarter they came in ahead of top line revenue growth. They improved gross margins, better than the grocery industry. There is no wastage of food. This morning's subscriber numbers blew him out of the water. He is really, really happy. Someone might make an offer for them.
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It is one of Canada's leading meal kit companies. Last quarter they came in ahead of top line revenue growth. They improved gross margins, better than the grocery industry. There is no wastage of food. This morning's subscriber numbers blew him out of the water. He is really, really happy. Someone might make an offer for them.
Showing 1 to 15 of 21 entries

Goodfood Market Corp.(FOOD-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Goodfood Market Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Goodfood Market Corp.(FOOD-T) Frequently Asked Questions

What is Goodfood Market Corp. stock symbol?

Goodfood Market Corp. is a Canadian stock, trading under the symbol FOOD-T on the Toronto Stock Exchange (FOOD-CT). It is usually referred to as TSX:FOOD or FOOD-T

Is Goodfood Market Corp. a buy or a sell?

In the last year, 4 stock analysts published opinions about FOOD-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Goodfood Market Corp..

Is Goodfood Market Corp. a good investment or a top pick?

Goodfood Market Corp. was recommended as a Top Pick by Stephen Takacsy, B. Eng, MBA on 2021-06-23. Read the latest stock experts ratings for Goodfood Market Corp..

Why is Goodfood Market Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Goodfood Market Corp. worth watching?

4 stock analysts on Stockchase covered Goodfood Market Corp. In the last year. It is a trending stock that is worth watching.

What is Goodfood Market Corp. stock price?

On 2021-09-17, Goodfood Market Corp. (FOOD-T) stock closed at a price of $9.12.