Habit Restaurants Inc. (HABT) Upgraded 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 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. “
A number of other research firms have also recently issued reports on HABT. Wedbush decreased their target price on 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 reiterated an “outperform” rating on shares of Habit Restaurants in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $27.00.
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Habit Restaurants (NASDAQ:HABT) traded up 1.89% during mid-day trading on Tuesday, reaching $13.50. The company had a trading volume of 200,316 shares. The firm has a market capitalization of $242.62 million, a P/E ratio of 49.45 and a beta of 1.07. The firm’s 50-day moving average is $14.25 and its 200-day moving average is $16.11. Habit Restaurants has a one year low of $13.20 and a one year high of $28.07.
Habit Restaurants (NASDAQ:HABT) last released its earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue was up 25.4% on a year-over-year basis. On average, equities research analysts anticipate that Habit Restaurants will post $0.29 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of HABT. GSA Capital Partners LLP raised its position in Habit Restaurants by 129.6% in the second quarter. GSA Capital Partners LLP now owns 92,381 shares of the company’s stock worth $1,513,000 after buying an additional 52,145 shares in the last quarter. Harvest Capital Strategies LLC raised its position in Habit Restaurants by 109.1% in the first quarter. Harvest Capital Strategies LLC now owns 230,000 shares of the company’s stock worth $4,285,000 after buying an additional 120,000 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Habit Restaurants during the second quarter worth approximately $20,762,000. Geode Capital Management LLC raised its position in Habit Restaurants by 11.9% in the first quarter. Geode Capital Management LLC now owns 75,693 shares of the company’s stock worth $1,410,000 after buying an additional 8,072 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Habit Restaurants during the first quarter worth approximately $553,000. 85.79% of the stock is currently owned by institutional investors.
About Habit Restaurants
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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