Goodfood Market Corp.

FOOD-T

TSE:FOOD

8.96
0.70 (8.47%)
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.
More at Wikipedia

Analysis and Opinions about FOOD-T

Signal
Opinion
Expert
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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
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)
Show full opinionHide full opinion
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.

Show full opinionHide full opinion

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)
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
PAST TOP PICK
PAST TOP PICK
September 24, 2018

(A Top Pick Sep 25/17, Up 6%) It is the largest such company in Canada. It has tripled its subscriber base recently. They are in Eastern AND Western Canada. They are a disruptor. There is no inventory or wastage as people order exactly what they need. It goes straight from the distribution center to your door. He thinks this will make a very attractive target for a Canadian grocer.

Show full opinionHide full opinion

(A Top Pick Sep 25/17, Up 6%) It is the largest such company in Canada. It has tripled its subscriber base recently. They are in Eastern AND Western Canada. They are a disruptor. There is no inventory or wastage as people order exactly what they need. It goes straight from the distribution center to your door. He thinks this will make a very attractive target for a Canadian grocer.

BUY
BUY
June 14, 2018

A core holding for him. He participated in the new issue. They have market share estimated at 40%. A very well managed company. They have much higher customer loyalty and lower customer turn than others. They are managing their costs. They are spending a lot in marketing. They are investing in the growth of the business to get greater market share. It is cooking for dummies. He thinks they will do very well and could get acquired by a big grocery chain.

Show full opinionHide full opinion

A core holding for him. He participated in the new issue. They have market share estimated at 40%. A very well managed company. They have much higher customer loyalty and lower customer turn than others. They are managing their costs. They are spending a lot in marketing. They are investing in the growth of the business to get greater market share. It is cooking for dummies. He thinks they will do very well and could get acquired by a big grocery chain.

BUY
BUY
January 29, 2018

They are a meal kit company delivered to the home. Their penetration is incredible. The service is very big in Europe. They are focused on growth but focused on the bottom line also. He thinks the trend is here to stay. They could become an interesting acquisition target.

Show full opinionHide full opinion

They are a meal kit company delivered to the home. Their penetration is incredible. The service is very big in Europe. They are focused on growth but focused on the bottom line also. He thinks the trend is here to stay. They could become an interesting acquisition target.

COMMENT
COMMENT
January 23, 2018

This is in the new, emerging "meal kit" business. The concept is interesting. As people's lives get busier and they don't want to order in every night, this concept is gaining steam. There are a number of upstart companies in the US that have been growing very rapidly. This company has done a great job of growing their subscriber base and revenues, and is a very interesting company to watch. However, it is early stage and not making a lot of money. You have to look at this as a 3-4 year investment. He is watching and monitoring this with interest.

Show full opinionHide full opinion

This is in the new, emerging "meal kit" business. The concept is interesting. As people's lives get busier and they don't want to order in every night, this concept is gaining steam. There are a number of upstart companies in the US that have been growing very rapidly. This company has done a great job of growing their subscriber base and revenues, and is a very interesting company to watch. However, it is early stage and not making a lot of money. You have to look at this as a 3-4 year investment. He is watching and monitoring this with interest.

STRONG BUY
STRONG BUY
December 11, 2017

He has been accumulating stock and really likes the company. Canada has a long way to go to catch up to Europe and the US. They just moved into a new Montreal facility. They are moving out west next year. If you get in now you should make a lot of money. It is a great subscription model.

Show full opinionHide full opinion

He has been accumulating stock and really likes the company. Canada has a long way to go to catch up to Europe and the US. They just moved into a new Montreal facility. They are moving out west next year. If you get in now you should make a lot of money. It is a great subscription model.

Showing 1 to 15 of 16 entries

Goodfood Market Corp.(FOOD-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

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, 5 stock analysts published opinions about FOOD-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 2020-09-22. 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?

5 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 2020-09-29, Goodfood Market Corp. (FOOD-T) stock closed at a price of $8.96.