Price Action Alert: Is Buying Stock Like Habit Restaurants Inc After Such Increase Winning Strategy?

Price Action Alert: Is Buying Stock Like Habit Restaurants Inc After Such Increase Winning Strategy?

The stock of Habit Restaurants Inc (NASDAQ:HABT) is a huge mover today! The stock increased 13.01% or $1.9 on November 23, hitting $16.5. About 1.32 million shares traded hands or 287.37% up from the average. Habit Restaurants Inc (NASDAQ:HABT) has declined 5.71% since April 22, 2016 and is downtrending. It has underperformed by 11.12% the S&P500.
The move comes after 5 months positive chart setup for the $430.48M company. It was reported on Nov, 24 by Barchart.com. We have $17.66 PT which if reached, will make NASDAQ:HABT worth $30.13M more.

Analysts await Habit Restaurants Inc (NASDAQ:HABT) to report earnings on March, 1. They expect $0.04 EPS, down 20.00% or $0.01 from last year’s $0.05 per share. HABT’s profit will be $1.04M for 103.13 P/E if the $0.04 EPS becomes a reality. After $0.05 actual EPS reported by Habit Restaurants Inc for the previous quarter, Wall Street now forecasts -20.00% 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. $40 is the highest target while $30 is the lowest. The $33.33 average target is 102.00% above today’s ($16.5) stock price. The Habit Restaurants Inc has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, August 19 by Raymond James. The firm has “Outperform” rating given on Wednesday, March 2 by Cowen & Co. The firm has “Buy” rating given on Tuesday, November 17 by Tigress Financial. As per Saturday, August 22, the company rating was maintained by Piper Jaffray. Guggenheim initiated the shares of HABT in a report on Tuesday, December 1 with “Buy” rating. The firm earned “Buy” rating on Friday, August 28 by Stifel Nicolaus.

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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