The Habit Restaurants, Inc. (HABT) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for HABT as the stock is now up nearly 4% since Mar 3.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
HABT currently has a Zacks Rank #3 (Hold).
Investors interested in the Retail-Resturants industry may consider better-ranked stock like BJ's Restaurants, Inc. (BJRI), which carries a Zacks Rank #1 (Strong Buy).
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