The Habit Restaurants, Inc. (HABT) Surges to Yearly Low, Is Now Worst Performer

January 17, 2018 - By Richard Conner

The stock of The Habit Restaurants, Inc. (NASDAQ:HABT) hit a new 52-week low and has $8.00 target or 8.00 % below today’s $8.70 share price. The 9 months bearish chart indicates high risk for the $226.42 million company. The 1-year low was reported on Jan, 17 by If the $8.00 price target is reached, the company will be worth $18.11M 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.

The stock increased 0.29% or $0.02 during the last trading session, reaching $8.7. About 189,532 shares traded. The Habit Restaurants, Inc. (NASDAQ:HABT) has risen 7.82% since January 17, 2017 and is uptrending. It has underperformed by 8.88% the S&P500.

Analysts await The Habit Restaurants, Inc. (NASDAQ:HABT) to report earnings on March, 1. They expect $-0.01 earnings per share, down 114.29 % or $0.08 from last year’s $0.07 per share. After $0.01 actual earnings per share reported by The Habit Restaurants, Inc. for the previous quarter, Wall Street now forecasts -200.00 % negative EPS growth.

The Habit Restaurants, Inc. (NASDAQ:HABT) Ratings Coverage

Among 10 analysts covering The Habit Restaurants Inc (NASDAQ:HABT), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. The Habit Restaurants Inc had 20 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, November 2, the company rating was downgraded by Raymond James. Robert W. Baird downgraded the stock to “Hold” rating in Thursday, November 2 report. The firm has “Buy” rating given on Tuesday, December 1 by Guggenheim. Stephens maintained The Habit Restaurants, Inc. (NASDAQ:HABT) rating on Wednesday, October 11. Stephens has “Overweight” rating and $18 target. Tigress Financial upgraded the shares of HABT in report on Tuesday, November 17 to “Buy” rating. The stock of The Habit Restaurants, Inc. (NASDAQ:HABT) has “Outperform” rating given on Wednesday, August 19 by Raymond James. The firm has “Market Perform” rating by Cowen & Co given on Thursday, August 3. Cowen & Co upgraded The Habit Restaurants, Inc. (NASDAQ:HABT) on Wednesday, March 2 to “Outperform” rating. Piper Jaffray maintained the stock with “Overweight” rating in Saturday, August 22 report. Wedbush downgraded the shares of HABT in report on Tuesday, September 26 to “Neutral” rating.

More notable recent The Habit Restaurants, Inc. (NASDAQ:HABT) news were published by: which released: “Why Habit Restaurants Inc. Stock Popped Today” on March 03, 2017, also with their article: “The Habit Restaurants, Inc. Announces Appointment of Douglas Branigan as Chief …” published on April 17, 2017, published: “Why Habit Restaurants Inc Stock Tumbled Today” on November 02, 2017. More interesting news about The Habit Restaurants, Inc. (NASDAQ:HABT) were released by: and their article: “Why Habit Restaurants Inc. Stock Plunged Today” published on August 03, 2017 as well as‘s news article titled: “Better Buy: Shake Shack Inc vs. Habit Restaurants Inc” with publication date: July 26, 2017.

The Habit Restaurants, Inc., a holding company, operates fast casual restaurants under The Habit Burger Grill name. The company has market cap of $226.42 million. It specializes in offering fresh made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade albacore tuna cooked over an open flame; and salads, as well as sides, shakes, and malts. It has a 37.34 P/E ratio. As of March 2, 2017, the firm operated approximately 170 restaurants in 15 locations in California, Arizona, Utah, New Jersey, Florida, Idaho, Virginia, Nevada, Washington, and Maryland, the United States; and the United Arab Emirates.

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