Tigress Financial Partners Starts Habit Restaurants (HABT) at Neutral

Tigress Financial Partners initiated coverage on Habit Restaurants (NASDAQ: HABT) with a Neutral rating. Analyst Ivan Feinseth views shares as fairly valued.

"In our view, HABT has ample opportunity to take domestic share from legacy QSR brands like McDonalds, Burger King, Sonic and Wendy’s as it expands its footprint, with additional opportunity to drive growth through its international partnership with Food Quest Restaurant announced back in January. Management has proven its ability to drive meaningful and consistent top line growth as well as strong per-store profitability that we think will be translatable as it expands its geographic foot print and store base. Although we have confidence that HABT will be able to deliver future Economic Profit growth and increasing shareholder value as it executes on its expansion strategy, currently we believe shares are fairly valued," said Feinseth.

For an analyst ratings summary and ratings history on Habit Restaurants click here. For more ratings news on Habit Restaurants click here.

Shares of Habit Restaurants closed at $31.77 yesterday.

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