The Habit Restaurants, Inc. (NASDAQ:HABT)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a report issued on Friday.

Several other equities research analysts also recently weighed in on HABT. Cowen and Company downgraded shares of The Habit Restaurants from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $22.00 to $16.00 in a report on Thursday, August 3rd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of The Habit Restaurants in a report on Monday, July 24th. BidaskClub raised shares of The Habit Restaurants from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Wedbush reaffirmed a “buy” rating and issued a $25.00 price objective on shares of The Habit Restaurants in a report on Sunday, July 30th. Finally, Zacks Investment Research downgraded shares of The Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Two equities research 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 stock has a consensus rating of “Hold” and an average price target of $19.92.

Shares of The Habit Restaurants (NASDAQ HABT) traded down 0.39% during mid-day trading on Friday, hitting $12.80. 155,505 shares of the company traded hands. The Habit Restaurants has a 52-week low of $12.60 and a 52-week high of $19.75. The firm has a market cap of $260.25 million, a price-to-earnings ratio of 49.61 and a beta of 1.07. The firm has a 50-day moving average price of $14.24 and a 200 day moving average price of $16.31.

The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $83.30 million during the quarter, compared to the consensus estimate of $84.15 million. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Equities research analysts anticipate that The Habit Restaurants will post $0.23 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors Inc. lifted its holdings in The Habit Restaurants by 27.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 113,675 shares of the restaurant operator’s stock valued at $1,796,000 after acquiring an additional 24,747 shares during the last quarter. California State Teachers Retirement System lifted its holdings in The Habit Restaurants by 34.7% in the 2nd quarter. California State Teachers Retirement System now owns 35,734 shares of the restaurant operator’s stock valued at $565,000 after acquiring an additional 9,200 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in The Habit Restaurants by 43.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,137 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 5,151 shares during the last quarter. State Street Corp lifted its holdings in The Habit Restaurants by 36.8% in the 2nd quarter. State Street Corp now owns 290,637 shares of the restaurant operator’s stock valued at $4,590,000 after acquiring an additional 78,113 shares during the last quarter. Finally, Capital World Investors lifted its holdings in The Habit Restaurants by 512.9% in the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after acquiring an additional 850,370 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

The 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 sides, shakes and malts.

Analyst Recommendations for The Habit Restaurants (NASDAQ:HABT)

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