The Habit Restaurants, Inc.HABT was a big mover last session, as its shares rose over 7% on the day. The upside was driven by the company's first-quarter 2016 earnings release. This also led to far more shares changing hands than in a normal session. Yesterday's rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $16.61 to $18.37 in the past one-month time frame.
Over the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
The Habit Restaurants currently has a Zacks Rank #3 (Hold).
A better-ranked restaurant stock is Darden Restaurants, Inc. DRI with a Zacks Rank #1 (Strong Buy).
Is HABT going up? Or down? Predict to see what others think: Up or Down
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DARDEN RESTRNT (DRI): Free Stock Analysis Report
HABIT RESTRNTS (HABT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
