Habit Restaurants: Buy This Dip
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.