The Habit burger chain has postponed a secondary stock offering, citing the conditions of the public-equity markets.
The move underscores investors’ recent reserve toward restaurant stocks. A number of major players in the sector have been underperforming the stock market as a whole, according to Forbes.
Investors have raised concerns about the impact on rising wages and commodity costs. The industry has also seen a recent downdraft in traffic.
The Habit did not say when the additional stock might be issued.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.