BALTIMORE, MD / ACCESSWIRE / June 9, 2021 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Home Bistro, Inc. (OTC PINK:HBIS). The Company is a burgeoning player in the direct-to-consumer, ready-made meal delivery industry. To view the new research update, along with disclosures and disclaimers, or to download it in its entirety, please visit https://bit.ly/353VYPe.
Home Bistro is a leading online platform, www.homebistro.com, that provides for the creation, production, and distribution of direct-to-consumer, heat-to-eat, celebrity chef inspired gourmet meals, which currently include inspirations developed by 'Iron Chef' Cat Cora and soon to launch celebrity chefs Daina Falk and Roblé Ali. According to Brandessence Market Research and Consulting, the global ready-made meal delivery market is slated to jump from $3.74 billion in 2019 to $11.32 billion in 2027, a CAGR of 17.1%.
In the Opportunity Research update, analyst Rob Goldman the impact of recent key events, upcoming milestones, valuation compared to its peers, and how the Company's unique business approach are poised to favorably impact this undervalued company during 2021 and beyond.
Goldman commented, "Home Bistro is a one-of-a-kind, pure play gourmet meal delivery firm poised to emerge as one of the stars of the multi-billion-dollar industry. HBIS's high-end, celebrity chef-focused approach represents a major differentiator and should drive enviable sales and profit. 1Q21 sales were driven by a 204% increase in orders, with a 104% leap in celebrity chef meals. Total sales excluded discontinued items, making the performance that much more impressive."
"HBIS boasts 3 high profile celebrity chefs, with more expected to join in the coming months. The Company has an exclusive relationship with celebrity Iron Chef Cat Cora and just added tailgate aficionado Daina Falk and noted street food chef Roble Ali," noted Goldman. "Importantly, Home Bistro's pending transition from flash frozen to fresh meal delivery using a unique vacuum skin-packaging technology should serve as major catalyst to drive sales growth and could be a game-changer for the Company. This new format will launch next month."
"Our model suggests revenue will grow from $1.3M in 2020 to $5.9M in 2021, and $11M in 2022. Plus, HBIS could be an active M&A player in 2H21, driving its valuation higher. Based on the price/sales multiple afforded the industry bellwether, Home Bistro's stock trades at a substantial discount and achieving 2H21 sales execution and business development milestones could enable the Company to reach our price target by year-end. Separately, HBIS trades above its 50 and 200 DMAs, a bullish technical characteristic," concluded Goldman.
About Home Bistro: Home Bistro is a leading online platform, www.homebistro.com, that provides for the creation, production, and distribution of direct-to-consumer, heat-to-eat, celebrity chef inspired gourmet meals, which currently include inspirations developed by 'Iron Chef' Cat Cora and soon to launch celebrity chefs Daina Falk and Roblé Ali.
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, CEO interviews, industry reports, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published company update on Home Bistro, Inc. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Home Bistro, Inc. ("the Company"). The information includes authorized press releases or legal disclosures made in their filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets, and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, sector or industry snapshot, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite inherent, above-average business, market, or financial risk. To download this research update, the initiation of coverage report, or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research was compensated $7500 by the Company for multiple research report and update production.
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
[email protected]
SOURCE: Goldman Small Cap Research