The Habit Restaurants, Inc. (NASDAQ:HABT) Director Joseph John Kadow acquired 1,000 shares of The Habit Restaurants stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $13.45 per share, for a total transaction of $13,450.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at $40,350. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of The Habit Restaurants, Inc. (HABT) traded up 2.25% during midday trading on Monday, reaching $13.65. 703,299 shares of the company traded hands. The Habit Restaurants, Inc. has a 1-year low of $13.20 and a 1-year high of $19.75. The stock has a 50 day moving average price of $16.39 and a 200 day moving average price of $16.57. The firm has a market capitalization of $275.53 million, a PE ratio of 52.91 and a beta of 1.04.

The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The Habit Restaurants had a return on equity of 5.02% and a net margin of 1.64%. The firm had revenue of $83.30 million during the quarter, compared to the consensus estimate of $84.15 million. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that The Habit Restaurants, Inc. will post $0.23 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley increased its position in The Habit Restaurants by 76.2% in the first quarter. Morgan Stanley now owns 1,657,220 shares of the restaurant operator’s stock valued at $29,333,000 after buying an additional 716,800 shares in the last quarter. Vanguard Group Inc. increased its position in The Habit Restaurants by 11.9% in the first quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock valued at $25,072,000 after buying an additional 150,622 shares in the last quarter. Renaissance Technologies LLC increased its position in The Habit Restaurants by 18.7% in the first quarter. Renaissance Technologies LLC now owns 918,400 shares of the restaurant operator’s stock valued at $16,256,000 after buying an additional 144,400 shares in the last quarter. Elk Creek Partners LLC increased its position in The Habit Restaurants by 35.9% in the first quarter. Elk Creek Partners LLC now owns 693,922 shares of the restaurant operator’s stock valued at $12,282,000 after buying an additional 183,396 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in The Habit Restaurants by 10.0% in the first quarter. Frontier Capital Management Co. LLC now owns 369,768 shares of the restaurant operator’s stock valued at $6,545,000 after buying an additional 33,518 shares in the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on HABT. Zacks Investment Research cut shares of The Habit Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut shares of The Habit Restaurants from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Wedbush reiterated a “buy” rating and set a $25.00 price objective on shares of The Habit Restaurants in a research report on Sunday, July 30th. Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research report on Friday, July 14th. Finally, Cowen and Company cut shares of The Habit Restaurants from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $22.00 to $16.00 in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The Habit Restaurants has an average rating of “Hold” and an average target price of $19.92.

About The 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 sides, shakes and malts.

Insider Buying and Selling by Quarter for The Habit Restaurants (NASDAQ:HABT)

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