Happy Belly Food initiated with a Buy at Stifel

Stifel analyst Martin Landry initiated coverage of Happy Belly Food (HBFGF) with a Buy rating and C$2.50 price target The “young and rapidly growing” Canadian restaurant operator has 10 restaurant brands, including its “most promising brands,” Rosie’s Burgers, Heal, iQ, and Yolks, the analyst says. Happy Belly has a long growth runway, adds the analyst, who sees potential for “shares to double in the next four years.”