The stock of Habit Restaurants Inc (NASDAQ:HABT) hit a new 52-week low and has $11.51 target or 14.00% below today’s $13.38 share price. The 8 months bearish chart indicates high risk for the $346.60 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $11.51 price target is reached, the company will be worth $48.52 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 60,881 shares traded hands. Habit Restaurants Inc (NASDAQ:HABT) has declined 33.56% since March 14, 2016 and is downtrending. It has underperformed by 39.18% the S&P500.
Analysts await Habit Restaurants Inc (NASDAQ:HABT) to report earnings on November, 2. They expect $0.06 EPS, 0.00% or $0.00 from last year’s $0.06 per share. HABT’s profit will be $1.55M for 55.75 P/E if the $0.06 EPS becomes a reality. After $0.09 actual EPS reported by Habit Restaurants Inc for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
Habit Restaurants Inc (NASDAQ:HABT) Ratings Coverage
Out of 5 analysts covering The Habit Restaurants Inc (NASDAQ:HABT), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The Habit Restaurants Inc has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Habit Restaurants Inc (NASDAQ:HABT) earned “Outperform” rating by Cowen & Co on Wednesday, March 2. On Tuesday, November 17 the stock rating was upgraded by Tigress Financial to “Buy”. The firm has “Buy” rating by Guggenheim given on Tuesday, December 1. The stock has “Buy” rating given by Stifel Nicolaus on Friday, August 28. The company was upgraded on Wednesday, August 19 by Raymond James. The firm has “Overweight” rating given on Saturday, August 22 by Piper Jaffray.
According to Zacks Investment Research, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California.”
More notable recent Habit Restaurants Inc (NASDAQ:HABT) news were published by: Marketwatch.com which released: “Habit Restaurants Inc. Cl A” on November 20, 2014, also Fool.com with their article: “Why Shares of Habit Restaurants Inc Are Down 29% in 2016” published on July 16, 2016, Fool.com published: “Why Shares of The Habit Restaurants, Inc. Dropped in 2015” on January 06, 2016. More interesting news about Habit Restaurants Inc (NASDAQ:HABT) were released by: Fool.com and their article: “Why The Habit Restaurants, Inc. Stock Dropped 11% Last Month” published on February 06, 2016 as well as Fool.com‘s news article titled: “Why Habit Restaurants, Inc. Fell 10% Last Month” with publication date: May 04, 2016.
HABT Company Profile
The Habit Restaurants, Inc. (Habit Burger Grill), incorporated on July 24, 2014, is a fast casual restaurant company. The Firm is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers salads, sides, shakes and malts. The Firm prepares its burgers with char-grilled preparation, topped with caramelized onions, melted cheese, lettuce and tomatoes. The Firm operates at over 140 locations in over 10 markets in approximately nine states. It operates a variety of restaurant formats, including end-cap, free-standing, inline and drive-in, primarily within suburban shopping centers and retail settings.
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