My first visit to the Habit Burger Grill was in Santa Barbara, CA. At that time, they were not Publicly Traded. They weren’t located in multiple states. They were the local favorite joint for luncheon. Every table was taken. They always had a line out the door. The reason: they have great burgers and they give a lot of value for the price. You can get a restaurant quality burger at a fast food price. You can get restaurant style onion rings and french fries which means fresh taste and bigger portions.
The Habit (HABT) is now publicly traded and they are in multiple states. They are planning to open multiple stores every year. Consumer Reports rated them “Best Tasting Burger in America.” They became a publicly traded company over 2 years ago. Their Stock price was over $40 in the first year. Now it trades undervalued at $15.75. It was at a low $13.20 within the past 52 weeks.
I believe this stock has hit the bottom. People loves their burgers but they do not love the stock. It is at a price where it has no where to go but up. It might take many years for it to appreciate but you can already see within the past couple weeks that investors are starting to build positions in the company.
Disclosure: I am long HABT and plan to purchase more in the future.