Habit Restaurants Inc. (HABT) Lifted to “Hold” at Zacks Investment Research
Habit Restaurants Inc. (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “
Several other equities analysts have also recently commented on HABT. Wedbush dropped their target price on shares of Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Robert W. Baird reissued an “outperform” rating on shares of Habit Restaurants in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Habit Restaurants currently has an average rating of “Buy” and an average price target of $27.00.
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Shares of Habit Restaurants (NASDAQ:HABT) traded up 1.89% during midday trading on Tuesday, hitting $13.50. The company had a trading volume of 200,316 shares. The company’s 50-day moving average price is $14.25 and its 200 day moving average price is $16.11. Habit Restaurants has a 12-month low of $13.20 and a 12-month high of $28.07. The company has a market capitalization of $242.62 million, a price-to-earnings ratio of 49.45 and a beta of 1.07.
Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Habit Restaurants had a net margin of 1.55% and a return on equity of 5.72%. The business earned $71.10 million during the quarter, compared to the consensus estimate of $71.09 million. During the same period in the previous year, the business posted $0.09 EPS. Habit Restaurants’s revenue was up 25.4% compared to the same quarter last year. Equities research analysts predict that Habit Restaurants will post $0.29 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Habit Restaurants by 51.2% in the first quarter. Franklin Resources Inc. now owns 1,406,829 shares of the company’s stock valued at $26,209,000 after buying an additional 476,149 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Habit Restaurants during the second quarter valued at about $20,762,000. Vanguard Group Inc. raised its stake in shares of Habit Restaurants by 10.5% in the second quarter. Vanguard Group Inc. now owns 880,510 shares of the company’s stock valued at $14,422,000 after buying an additional 84,022 shares during the last quarter. Elk Creek Partners LLC raised its stake in shares of Habit Restaurants by 56.2% in the second quarter. Elk Creek Partners LLC now owns 429,821 shares of the company’s stock valued at $3,570,000 after buying an additional 154,625 shares during the last quarter. Finally, Passport Capital LLC bought a new stake in shares of Habit Restaurants during the second quarter valued at about $7,031,000. Institutional investors own 85.79% of the company’s stock.
Habit Restaurants Company Profile
The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers salads, sides, shakes and malts.
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