The stock of Habit Restaurants Inc (NASDAQ:HABT) reached all time low today, Oct, 6 and still has $12.25 target or 10.00% below today’s $13.61 share price. This indicates more downside for the $354.00 million company. This technical setup was reported by Barchart.com. If the $12.25 PT is reached, the company will be worth $35.40M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 40,833 shares traded hands. Habit Restaurants Inc (NASDAQ:HABT) has declined 25.23% since March 3, 2016 and is downtrending. It has underperformed by 33.57% the S&P500.
Analysts await Habit Restaurants Inc (NASDAQ:HABT) to report earnings on November, 2. They expect $0.06 earnings per share, 0.00% or $0.00 from last year’s $0.06 per share. HABT’s profit will be $1.56M for 56.71 P/E if the $0.06 EPS becomes a reality. After $0.09 actual earnings per share 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. Cowen & Co upgraded Habit Restaurants Inc (NASDAQ:HABT) on Wednesday, March 2 to “Outperform” rating. Piper Jaffray maintained the shares of HABT in a report on Saturday, August 22 with “Overweight” rating. The stock of Habit Restaurants Inc (NASDAQ:HABT) earned “Buy” rating by Tigress Financial on Tuesday, November 17. The stock of Habit Restaurants Inc (NASDAQ:HABT) earned “Buy” rating by Stifel Nicolaus on Friday, August 28. The rating was initiated by Guggenheim with “Buy” on Tuesday, December 1. The rating was upgraded by Raymond James to “Outperform” on Wednesday, August 19.
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: Globenewswire.com and their article: “The Habit Restaurants, Inc. (Nasdaq: HABT) Teams with No Kid Hungry â€“ Kicks …” published on August 31, 2016 as well as Fool.com‘s news article titled: “Why The Habit Restaurants, Inc. Stock Dropped 11% Last Month” with publication date: February 06, 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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