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Fly News Breaks for October 31, 2018
HABT
Oct 31, 2018 | 08:17 EDT
Stephens analyst Will Slabaugh raised his price target on Habit Restaurants shares to $16 from $14 after the company reported Q3 same-store sales growth and adjusted earnings that were ahead of his and the consensus estimates, as the top-line strength and lower cost of goods more than offset higher labor costs. While noting that this was the second consecutive quarter of positive comps, he continues to watch the negative traffic trends and keeps an Equal Weight rating on Habit shares.
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