If you’re a fan of growth shares, then you may want to look closely at the three shares listed below.

Here’s why these could be growth shares to buy:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is one of the world’s leading appliance manufacturers and has been growing at a consistently solid rate for the last decade. The good news is that Breville has been tipped to continue this positive form in the future. This is thanks to the popularity of its brands, its international expansion, acquisitions, favourable consumer trends, and its continued investment in R&D.

Macquarie is very positive on the company. Last week the broker retained its outperform rating and $34.37 price target.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share to look at is this pizza chain operator. As with Breville, Domino’s has been growing at a consistently solid rate for over a decade. This has been underpinned by the popularity of its offering and the expansion of its footprint. Pleasingly, these trends aren’t changing any time soon. Domino’s pizzas remain as popular as ever and management sees significant room to grow its store network. In fact, it is aiming to more than double its footprint to 6,650 stores in existing markets by 2033.

Goldman Sachs is a fan of the company. It currently has a buy rating and $147.00 price target on Domino’s shares.

Hipages Group Holdings Ltd (ASX: HPG)

A final ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. At the last count, there were over 31,000 tradies using the platform. This is underpinning strong growth across all its key metrics. And while it is generating meaningful revenue at present, it is still only scratching at the surface of its huge market opportunity. This provides Hipages with a very long runway for growth.

Goldman Sachs is also very bullish on Hipages. It currently has a buy rating and $4.95 price target on its shares.

The post 3 top ASX growth shares to get bullish on appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in December 2021
• Here are the top 10 ASX shares today
• Own Domino’s (ASX:DMP) shares? Here’s how Pizza Hut is coming for a bigger slice of the pie
• Why Domino’s, Healius, Kogan, and Vulcan shares are pushing higher
• ASX 200 (ASX:XJO) midday update: Omicron hits Flight Centre, Domino’s jumps

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Hipages Group Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Adairs Ltd (ASX: ADH) share price ended up in the green today after finalising its acquisition of Focus on Furniture.

Despite a dismal start to the day, Adairs shares were up 0.28% trading at $3.60 at the close of Wednesday’s session. This compared favourably to the S&P/ASX 200 Index (ASX: XJO), which finished 0.28% lower.

Why is the Adairs share price holding up?

Adairs announced the $80 million dollar deal to acquire Focus on Furniture last week. Investors appeared to welcome the acquisition news, with shares in the ASX home furnishings company up 4.1% on 25 November compared to the previous close.

The debt-free acquisition will see Adairs pay $74 million in cash alongside a $6 million share placement to Focus CEO, Rob Santalucia, who will remain at the helm of Focus.

Adairs noted it now owned and operated 3 vertically integrated brands in the home retail category — Adairs, Mocka and Focus on Furniture.

Focus brings to the mix 23 stores in Australia with a revenue of more than $150 million in FY 2021. The company boasted revenue of more than $150 million in FY2021.

Adairs already has 160 stores across Australia and New Zealand and added some 950,000 customers to its loyalty program Linen Lovers as of the end of the 2021 financial year.

Adairs share price snapsot

The Adairs share price has climbed 12.85% over the past 12 months, despite ongoing COVID-19 lockdowns which have impacted some companies in the retail sector. Adairs shares are up 5.57% year to date.

The post What happened with the Adairs (ASX:ADH) share price today? appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in December 2021
• Here’s why ASX retail shares are in the spotlight on Tuesday
• Is the Adairs (ASX:ADH) share price a buy following the company’s latest acquisition?
• Leading brokers name 3 ASX shares to buy today
• Top brokers name 3 ASX shares to buy next week

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The AGL Energy Limited (ASX: AGL) share price continues to trade around all-time lows as the end of 2021 inches closer. Though, the energy giant is getting ready for a fresh new look in the year to come. This will take shape in the form of the company’s planned demerger.

Between now and then, AGL is believed to be looking at ways of getting some more cash onboard. Considering the impacted profitability and free cash flow, additional capital will be needed to help the two demerged businesses in meeting their expenses.

For this reason, rumour has it that AGL Energy is looking at tapping the United States bond market for $500 million.

Where can you find a spare $500 million?

Ahead of the creation of AGL Australia and Accel Energy, sources suggest AGL is chasing $500 million.

Business changes usually come at a cost. Whether that involves restructures, acquisitions, or — in this case — demergers. Although, the main concern for the company seems to be the reasonably high level of debt.

According to reports, AGL Energy is looking overseas to the United States to put its balance sheet in better order. The Australian energy company is rumoured to be seeking $500 million through the US bond market. A number of investment banks including Bank of America, JPMorgan, and Citi are said to be on board with assisting in the deal.

It appears the energy retailer is not exploring an equity raise as an alternative. This idea was shot down by AGL chair Peter Botten in the company’s annual general meeting. Others have noted the difficulty that AGL might have had if it did opt for a capital raise given the weakness in AGL shares.

Furthermore, the rumoured deal is understood to be a part of the company’s debt refinancing. Although, some onlookers are concerned about increased debt levels.

Company debt was around $3.06 billion at the end of June 2021. Whereas, AGL’s equity came in at $5.5 billion — giving the business a debt to equity ratio of 55.6%. Above 40% is considered to be relatively high for a company.

AGL shares under pressure

It has been nothing but pain for AGL shareholders since April 2017, when the company reached an all-time high of ~$27 per share. Since then, it has been a bumpy ride to the downside as increased environmental scrutiny has plagued the energy provider.

Simultaneously, an uprising in renewable assets has pressured the wholesale price of electricity. In turn, AGL’s operations have been feeling a pinch. Both revenue and earnings have been in decline since mid-2020 as the company ploughs money into transitioning its business.

Finally, on a year-to-date basis, AGL shares have fallen 56%. For context, the S&P/ASX 200 Index (ASX: XJO) is up 10% over the same period.

The post Own AGL (ASX:AGL) shares? Here’s how the company could be set to raise $500m appeared first on The Motley Fool Australia.

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• Why is the Origin (ASX:ORG) share price outperforming AGL in November?
• Here’s why this top broker is tipping 40% upside for the AGL (ASX:AGL) share price
• Does the AGL share price really offer a 14% dividend yield?
• The AGL (ASX:AGL) share price has lost 8% so far this month. What’s next?
• The AGL (ASX:AGL) share price is at all-time lows. Here’s why this fundie still thinks it’s poor value

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in meal-kit service Marley Spoon AG (ASX: MMM) struggled through most of Wednesday, but came out on top after nudging past yesterday’s closing price.

Marley Spoon shares started the day flat before trading as low as 80 cents during intraday trading. They finished the day at 82 cents apiece, up 0.62%.

It’s been a bumpy ride down south for the company these past few months, and shares are now trading at 3-month lows after coming off a high of $2.09 in September.

The Marley Spoon share price is now down 20% for the month as a result, and lags the benchmark S&P/ASX 200 Index (ASX: XJO) by a considerable amount in that time.

What’s up with Marley Spoon shares lately?

Investors began selling Marley Spoon shares in droves again in October when the company released its update for the quarter ending 30 September 2021.

During the 3 months, the company grew revenue 14% year on year to 79.2 million euro. It left the quarter with 33 million euro in cash on the balance sheet – a 17% jump from the previous year.

However, investors were quick to compare Marley Spoon’s H1 FY21 trading update – where sales grew by 38% – and its most recent results.

Investors were equally spooked by the company’s guidance downgrade. It now estimates a lower sales growth of 26%–28% compared to previous guidance of 30%–35% growth at the top line.

The company blamed its downward revision of guidance on “volatile customer behaviour” at the time, alongside “staffing challenges, higher labour rates, and food cost inflation”.

Nonetheless, investors violently sold off their Marley Spoon positions following the trading update, and the share price tanked in vertical fashion in the days afterwards. It hasn’t reversed course since.

Since then, the market hasn’t wanted a slice of Marley Spoon’s meal-kit service. For example, today total volume of Marley Spoon shares traded was at just 30% of its 4-week average volume. For comparison, the day before its trading update, it traded on a volume of 1.25 million shares.

Without the forward earnings guidance to bite into, it appears investors have left the Marley Spoon party and show no sign of returning any time soon.

Marley Spoon share price snapshot

It’s been a year of pain for Marley Spoon shareholders, with the share price collapsing 50.5% in the last 12 months. It has tanked 63.6% just this year to date.

These results are well behind the benchmark ASX 200 index’s return of around 10% in the last year.

The post The Marley Spoon (ASX:MMM) share price just hit another 52-week low. What’s going on? appeared first on The Motley Fool Australia.

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• Archer Materials (ASX:AXE) share price leaps 4% on biochip update
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• Here’s why the Worley (ASX:WOR) share price whirled lower today
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The author has no positions in any of the stocks mentioned. The Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Marley Spoon AG. The Motley Fool Australia owns shares of and has recommended Marley Spoon AG. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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