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Goldman Small Cap Research Publishes New Research Report on Home Bistro, Inc.

BALTIMORE, MD / ACCESSWIRE / August 18, 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:HBIS). The Company is a burgeoning player in the direct-to-consumer, ready-made meal delivery industry. To view the new research report, along with previous reports, updates, disclosures and disclaimers, or to download it in its entirety, please visit https://bit.ly/3j2CYbL.

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 celebrity 'Iron Chef' Cat Cora, and Daina Falk, along with soon-to-be launched Roblé Ali, Ayesha Curry, and Claudia Sandoval. 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 report, analyst Rob Goldman outlines how the swift evolution of the Company has set it up to enjoy a hyper-growth phase, beginning this fall.

Multi-Month, Hyper-Growth Phase Ahead

Goldman commented, "In just six months, Home Bistro has undergone an impressive evolution that should lead to the commencement of a multi-month, hyper-growth phase. HBIS is leveraging its exclusive relationships with popular, celebrity chefs to offer diverse cuisines and meals inspired and created by world class chef-prepared company entrees. HBIS' celebrity chef meal shipments are poised for a big increase in 2H21. These shipments are jumping from two chef shipments to five by year-end."

HBIS Has a Series of Sales Drivers for 2021 and 2022

"Leveraging 30% core business order growth in Q2, HBIS has multiple growth drivers poised to increase annual sales by nearly 200% in 2021 and 2022," noted Goldman. Drivers include the migration from flash frozen to fresh/vacuum-skin packaging, and a lifestyle meal prep service brand acquisition being prepped for a nationwide marketing rollout. Plus, recent M&A adds revenue and marketing leverage. The Model Meals transaction adds $1M+ potential sales in 2H21 and over $4M in 2022, as its current 3-state sales footprint is ripe for major expansion."

Upside to Our Forecasts and Target

"Our forecasts assume sales will jump from $3.8M in 2021E to $11M in 2022 and our model assumes strong operating profit and $0.04 in EPS in 2022. We should note that our price target represents a substantial rise from current prices and upside potential exists. The target is based on 7.1x our 2022 revenue estimate-a 38% discount to the bellwether and the same P/S multiple afforded Grubhub when it was acquired earlier in 2021. As Q4 sales traction occurs, the valuation gap should narrow and may prompt an upward target revision," concluded Goldman.

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 report 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 report, prior reports and updates, or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Since 2020, Goldman Small Cap Research was compensated $12,500 by the Company for multiple research report and update production, including the most recent report.

Contact:

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research



View source version on accesswire.com:
https://www.accesswire.com/660271/Goldman-Small-Cap-Research-Publishes-New-Research-Report-on-Home-Bistro-Inc

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