HABT - The Habit Restaurants, Inc.

NasdaqGM - NasdaqGM Delayed Price. Currency in USD
13.92
-0.05 (-0.36%)
At close: 4:00PM EST
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Previous Close13.97
Open13.96
Bid13.93 x 800
Ask13.97 x 3200
Day's Range13.92 - 13.99
52 Week Range7.80 - 14.16
Volume722,364
Avg. Volume535,848
Market Cap363.54M
Beta (5Y Monthly)1.07
PE Ratio (TTM)81.88
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Trending Ticker: Yum! Brands
    Yahoo Finance Video

    Trending Ticker: Yum! Brands

    Yum! Brands is buying burger chain The Habit for about $375M. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss.

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  • Benzinga

    The M&A History Of Yum Brands

    Restaurant operator Yum! Brands, Inc. (NYSE: YUM ) expanded its portfolio with the $375-million acquisition of Habit Burger Grill this week. Here's a look back at other notable M&A deals throughout Yum ...

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  • Taco Bell parent Yum Brands makes a questionable move with burger joint purchase, analysts say
    MarketWatch

    Taco Bell parent Yum Brands makes a questionable move with burger joint purchase, analysts say

    Yum Brands Inc. already had tacos, pizza and chicken in its portfolio. With the acquisition of Habit Restaurants Inc., it now has a burger chain as well. Yum expects the transaction to have “minimal” impact on adjusted earnings per share in 2020, to be accretive in 2021 and to increase after that.

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    Company News For Jan 7, 2020

    Companies In The News Are: LIFE, HABT, BBBY, CMC

  • This Fast-Food Giant Has Just Joined The Burger Wars
    Investor's Business Daily

    This Fast-Food Giant Has Just Joined The Burger Wars

    Under terms of the deal, Yum would acquire all Habit stock for $14 per share in cash. The companies expect to complete the transaction by the end of the second quarter.

  • Benzinga

    Taco Burgers? Yum Brands Buys Habit Restaurants For $375M

    Yum! Brands, Inc. (NYSE: YUM ) on Monday announced it will acquire Habit Restaurants, Inc. (NASDAQ: HABT ) for $14 per share in cash at a total of $375 million. Yum Brands also owns Taco Bell, KFC, Pizza ...

  • TheStreet.com

    Yum! Brands Picks Up a Good-Tasting Habit

    The KFC, Pizza Hut and Taco Bell owner acquires the not-such-a-bad Habit Burger Grill Chain from Habit Restaurants for $375M. Are there more juicy acquisitions to come?

  • Yum! to acquire California restaurant company
    American City Business Journals

    Yum! to acquire California restaurant company

    Yum Brands is set to acquire a California-based restaurant company with a push into the fast-casual restaurant space.

  • Bloomberg

    Taco Bell Owner Adds Burgers With $375 Million Habit Deal

    (Bloomberg) -- Yum! Brands Inc., the owner of Taco Bell, Pizza Hut and KFC, is adding hamburgers to its lineup with a $375 million deal to buy Habit Restaurants Inc.Yum announced Monday an agreement to acquire Irvine, California-based Habit, which sells chargrilled burgers, ahi tuna sandwiches and milkshakes from about 300 locations, mostly company owned, in the U.S. and China.Habit Burger represents a new niche for Yum: Fast-casual. The format, typically more expensive than McDonald’s and Burger King, still has drive-thru windows and competes with chains like Shake Shack and Five Guys. Habit has also added self-ordering kiosks.The acquisition is expected to close by the end of the second quarter. Habit Burger will remain in Irvine with current Chief Executive Officer Russell Bendel staying on and reporting to Yum CEO David Gibbs. Bendel said recently that Habit had expanded its presence in China to seven locations and has seen interest from other potential international franchisees. The chain is also opening restaurants in Cambodia.“There seems to be a lot of appeal of the concept in Asia,” Gibbs said in an interview. “China is a good opportunity. They already have a good start there.”Yum spun off its China division, Yum China Holdings Inc., in 2016 and the operator is one of the nation’s largest restaurant companies.The deal, which will be financed with cash and available credit, also reflects the increasingly crowded U.S. restaurant market. The fast-casual format continues to grow in appeal as fast-food chains vie for customers with steep discounts, and higher labor costs compress profit margins. Yum sees Habit growing mostly with franchising, Gibbs said, and will tap into its existing franchisee base to open new stores.Yum has shown willingness to buy and invest in other companies in recent years: It purchased a stake in delivery specialist Grubhub Inc. in 2018 and acquired QuickOrder, which makes software for online ordering.While Habit is dwarfed by Yum’s other brands, there are benefits to buying a smaller chain, Sanford C. Bernstein analyst Sara Senatore said in a note.“Yum has been intimating that it would be receptive to an acquisition,” she said. “We believe starting small is appropriate to mitigate risk and prove out the company’s ability to successfully integrate and grow a concept.”Yum shares fell 0.3% to $101.52 at 12:18 p.m. in New York trading. The stock rose 9.6% last year, trailing the S&P 500 Index.(Updates with CEO comments in fifth paragraph)To contact the reporter on this story: Leslie Patton in Chicago at lpatton5@bloomberg.netTo contact the editors responsible for this story: Sally Bakewell at sbakewell1@bloomberg.net, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Pizza Hut owner Yum Brands just spent $375 million to finally take on McDonald's hamburgers
    Yahoo Finance

    Pizza Hut owner Yum Brands just spent $375 million to finally take on McDonald's hamburgers

    Yum Brands announces it's getting into the business of burgers.

  • Yum Brands to acquire popular California-based burger chain
    American City Business Journals

    Yum Brands to acquire popular California-based burger chain

    Yum Brands Inc. has kicked off the new year by announcing a major acquisition. The Louisville-based restaurant conglomerate is purchasing The Habit Restaurants Inc. (Nasdaq: HABT) for $375 million, according to a news release. The Habit Burger Grill, based in Irvine, Calif., has more than 270 restaurants with locations in 13 states throughout California, Arizona, Utah, New Jersey, Florida, Idaho, Virginia, Nevada, Washington, Maryland, Pennsylvania, North Carolina and South Carolina, as well as seven international locations.

  • MarketWatch

    Taco Bell parent Yum Brands acquires Habit Restaurants for $375 million

    Yum Brands Inc. and The Habit Restaurants Inc. announced that the Taco Bell parent has acquired The Habit Burger Grill company for $14 per share, or about $375 million. Yum Brands' portfolio also includes KFC and Pizza Hut. The Habit Burger Grill was founded in 1969 in California, and specializes in chargrilled, made-to-order burgers, chicken and tuna sandwiches, and more. Yum expects the transaction to have "minimal" impact on adjusted earnings per share in 2020, to be accretive in 2021 and to increase after that. The deal is expected to close in the second quarter of 2020. The Habit Burger Grill will continue to be managed by Chief Executive Russell Bendel, reporting to Yum Chief Executive David Gibbs. Yum shares have gained 11.4% over the past year, Habit Restaurants stock is down 2.8% and the S&P 500 index has gained 27.8% for the period.

  • TheStreet.com

    Yum! Brands Picks Up Habit for $375 Million, Habit Shares Surge

    Shares of Habit Restaurants surge after the parent of the KFC, Pizza Hut and Taco Bell brands said it is buying the restaurant chain for $14 a share in cash.

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  • Is The Habit Restaurants, Inc. (HABT) A Good Stock To Buy ?
    Insider Monkey

    Is The Habit Restaurants, Inc. (HABT) A Good Stock To Buy ?

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Here’s why The Habit Restaurants, Inc.’s (NASDAQ:HABT) Returns On Capital Matters So Much
    Simply Wall St.

    Here’s why The Habit Restaurants, Inc.’s (NASDAQ:HABT) Returns On Capital Matters So Much

    Today we'll look at The Habit Restaurants, Inc. (NASDAQ:HABT) and reflect on its potential as an investment...

  • Are Investors Undervaluing Habit Restaurants (HABT) Right Now?
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    Are Investors Undervaluing Habit Restaurants (HABT) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Thomson Reuters StreetEvents

    Edited Transcript of HABT earnings conference call or presentation 30-Oct-19 8:30pm GMT

    Q3 2019 Habit Restaurants Inc Earnings Call

  • If You Had Bought Habit Restaurants (NASDAQ:HABT) Stock Three Years Ago, You'd Be Sitting On A 24% Loss, Today
    Simply Wall St.

    If You Had Bought Habit Restaurants (NASDAQ:HABT) Stock Three Years Ago, You'd Be Sitting On A 24% Loss, Today

    The Habit Restaurants, Inc. (NASDAQ:HABT) shareholders will doubtless be very grateful to see the share price up 39...

  • Were Hedge Funds Right About Souring On Habit Restaurants Inc (HABT)?
    Insider Monkey

    Were Hedge Funds Right About Souring On Habit Restaurants Inc (HABT)?

    Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]

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