Katie O'Brien
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​Habit Restaurants Valued High, then Drops Low

Habit Restaurants (NASDAQ: HBT) plummeted Wednesday, according to The Motley Fool, reaching lows that haven’t been seen for the stock since it’s debut. Shares closed low, reaching down to 8 percent.

This low could be due to an inflated valuation, The Motley Fool reported. The shares were valued comparable to Chipotle, increasing the need for more growth.

According to The Motley Fool, the restaurant has big plans to expand their presence, presuming to open up to 28 company-owned locations by 2016. The company projects revenue to jump up to $219 million.

Motley Fool commenter spo said:

"This place is packed no matter when I drive by. Have not tried it yet."