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Fly News Breaks for March 1, 2018
HABT
Mar 1, 2018 | 08:55 EDT
Stephens analyst Will Slabaugh attributed Habit Restaurants' report of its first negative comp sales performance after 54 consecutive quarters of positive comps to continued aggressive QSR discounting taking share from smaller fast casual brands. However, he expects Habit to introduce more attractive value platforms and thinks added media can help to recapture guests. The analyst, who also thinks Habit's unit growth potential remains undervalued, keeps his Overweight rating and $15 price target on the stock.
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