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Goodfood Market Corp.

FOOD-T

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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
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$7.420
Owned
Unknown
DON'T BUY
DON'T BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
James Telfser
Price
$7.930
Owned
No
TOP PICK
TOP PICK
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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)
food processing
Stephen Takacsy, B. Eng, MBA
Price
$8.260
Owned
Yes
BUY
BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$13.860
Owned
Yes
WATCH
WATCH
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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

food processing
Stockchase Insights
Price
$9.250
Owned
_N/A
PAST TOP PICK
PAST TOP PICK
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$7.250
Owned
Yes
BUY
BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Jamie Murray
Price
$6.500
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
James Telfser
Price
$4.610
Owned
No
PAST TOP PICK
PAST TOP PICK
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$3.880
Owned
Yes
BUY
BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$2.900
Owned
Yes
TOP PICK
TOP PICK
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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)
food processing
Stephen Takacsy, B. Eng, MBA
Price
$3.000
Owned
Yes
BUY
BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.

food processing
Stephen Takacsy, B. Eng, MBA
Price
$2.700
Owned
Yes
TOP PICK
TOP PICK
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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)
food processing
Stephen Takacsy, B. Eng, MBA
Price
$3.450
Owned
Yes
BUY
BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$3.500
Owned
Yes
STRONG BUY
STRONG BUY
Goodfood Market Corp. (FOOD-T)
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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Goodfood Market Corp. (FOOD-T)
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.
food processing
Stephen Takacsy, B. Eng, MBA
Price
$2.980
Owned
Yes
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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.

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