On Friday, Following U.S. Stocks were among the “Top Losers”: The Habit Restaurants, Inc. (NASDAQ:HABT), Peabody Energy Corp. (NYSE:BTU), Avon Products Inc. (NYSE:AVP)
Habit Restaurants Inc (NASDAQ:HABT), with shares declined -6.26%, closed at $29.96.
Peabody Energy Corporation (NYSE:BTU), with shares dipped -6.01%, and closed at $5.47.
Avon Products, Inc (NYSE:AVP), plummeted -5.85%, and closed at $7.72.
Latest NEWS regarding these Stocks are depicted underneath:
The Habit Restaurants, Inc. (NASDAQ:HABT)
The Habit Restaurants, Inc. (HABT), declared financial results for its fourth quarter and fiscal year ended December 30, 2014.
Fourth Quarter 2014 Financial Results Contrast with Fourth Quarter 2013:
Total proceed was $48.4 million, contrast to $35.5 million in the fourth quarter of 2013. The Corporation’s fourth quarter of 2014 comprised of 13 weeks contrast to 14 weeks in the fourth quarter of 2013. Proceed in the fourth quarter of 2013 attributed to the extra week totaled about $2.5 million. Not including the additional week of sales in the fourth quarter of 2013, proceed raised by 46.7%.
Comparable restaurant sales raised 13.2% for the 13-week period ended December 30, 2014, contrast to the 13-week period ended December 31, 2013. The raise in comparable restaurant sales was driven primarily by a 5.1% rise in average transaction amount and a 7.7% raise in transactions.
Net revenue for the fourth quarter of 2014 was $0.6 million, contrast to $1.4 million in the fourth quarter of 2013.
Adjusted fully distributed pro forma net revenue in the fourth quarter of 2014 was $0.7 million, or $0.02 per fully distributed weighted average share, contrast to $0.5 million, or $0.02 per fully distributed weighted average share, in the fourth quarter of 2013. Fourth quarter 2013 results comprised of a $0.01 per fully distributed weighted average share positive influence due to an extra operating week. A reconciliation between GAAP net revenue and adjusted fully distributed pro forma net revenue is comprised of in the accompanying financial data.
Initial Public Offering:
On November 25, 2014, the Corporation accomplished its initial public offering (“IPO”) of shares of its ordinary stock at $18.00 per share. The Corporation sold a total of 5,750,000 shares of its Class A ordinary stock, which comprised of 750,000 shares sold following the full exercise of the underwriters’ option to purchase additional shares. Total net proceeds to the Corporation from the offering, after deducting underwriter discounts and commissions and estimated offering expenses, were about $92.3 million. The Corporation used the net proceeds to purchase ordinary units from its operating partner, The Habit Restaurants, LLC. The Habit Restaurants, LLC used a portion of the proceeds to repay $13.9 million under its existing credit facility and to repay about $30 million to extinguish a bridge loan. The Habit Restaurants, LLC has and will continue to use the remaining proceeds to support our growth, for working capital, and for general corporate purposes.
The Habit Restaurants, Inc. operates fast casual restaurants under The Habit Burger Grill name in California, Arizona, Utah, and New Jersey. The corporation offers charbroiled hamburgers, specialty sandwiches, fresh salads, and shakes and malts.
Peabody Energy Corp. (NYSE:BTU)
Peabody Energy Corp. (BTU), was downgraded by Bank of America/Merrill Lynch from “neutral” to “underperform”, and cut its price target to $5 from $7.
The firm cited the corporation’s reduced thermal coal outlook as the reason for the downgrade. Bank of America/Merrill Lynch also cited the high level of inventories and falling thermal coal imports, which the firm believes are indicative of signs of weaker fundamentals in China.
Peabody Energy Corporation engages in the mining of coal. The corporation operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.
Avon Products Inc. (NYSE:AVP)
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
S&P MidCap 400 constituent Hanesbrands Inc. (HBI) will replace Avon Products Inc. (AVP), in the S&P 500, and Avon Products will replace Hanesbrands in the S&P MidCap 400.
Avon Products manufactures and markets beauty and related products. Headquartered in New York, NY, the corporation will be added to the S&P MidCap 400 Personal Products Sub-Industry index.
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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
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