Willa L. Moore
All posts from Willa L. Moore
Willa L. Moore in Insider trading,

It's Time To Kick The Habit Restaurants, Baird Analyst Says

Habit Restaurants Inc (NASDAQ: HABT) was downgraded by Baird after it reported third-quarter results after the close Wednesday that analyst David Tarantino termed "disappointing." 

The results indicated weaker-than-expected comps and continued cost headwinds, Tarantino said. Despite the top-line holding up amid a challenging industrial backdrop, the third quarter results showed that the company's earnings model has little margin for error in the current competitive backdrop, the analyst said. 

Baird downgraded Habit Restaurants from Outperform to Neutral and lowered its price target from $20 to $12. Source

The price will go up and will get inside the channel.

$HABT, The Habit Restaurants, Inc. / D