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The Habit postpones stock offering

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. 
 

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