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Habit Restaurants: Buy This Dip

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Summary

  • Habit Restaurants surprises analysts with strong comps.
  • The company filed for selling shareholders to unload roughly 22% of outstanding shares.
  • The combination of the news provides an ideal time to buy a premier restaurant concept.
After the close on Tuesday, Habit Restaurants (NASDAQ:HABT) released a couple of items that make investing in recent IPO stocks very unpredictable. Smashing conservative guidance while at the same time launching a secondary offering will likely leave the stock spinning in place for some time. The fast casual burger joint has traded mostly flat after the initial IPO hype wore off and investors question the valuation.

 Read the full article at Seeking Alpha. 
Disclosure: No positions mentioned. Please review the disclaimer page for more details. 


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