Habit Restaurants (HABT) PT Lowered to $13 at Cowen
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Price: $13.98 --0%
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Cowen analyst Andrew Charles lowered the price target on Habit Restaurants (NASDAQ: HABT) to $13.00 (from $15.00) while maintaining a Market Perform rating following the company's 4Q earnings report. Habit reported adjusted EPS of $0.03 relative to ($0.02) consensus. The beat was driven by restaurant level margins of 17.7%
Following in-line 4Q comps, Habit issued favorable 2019 comp guidance of 2%-3%. This implies hefty underlying acceleration from new initiatives that we believe are premature to give Habit full credit for.
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