Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.63.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of The Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Piper Jaffray Companies restated a “buy” rating on shares of The Habit Restaurants in a research note on Friday, July 14th. BidaskClub upgraded shares of The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Raymond James Financial, Inc. restated an “outperform” rating and set a $22.00 price objective on shares of The Habit Restaurants in a research note on Monday, July 24th. Finally, Wedbush restated a “buy” rating and set a $25.00 price objective on shares of The Habit Restaurants in a research note on Sunday, July 30th.

The Habit Restaurants (NASDAQ:HABT) traded down 0.39% during trading on Friday, reaching $12.80. 155,505 shares of the company’s stock traded hands. The firm has a market cap of $260.25 million, a PE 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 has a 12 month low of $12.60 and a 12 month high of $19.75.

The Habit Restaurants (NASDAQ:HABT) last released 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 company had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.15 million. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The Habit Restaurants’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. On average, analysts forecast that The Habit Restaurants will post $0.23 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in The Habit Restaurants by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock valued at $47,521,000 after buying an additional 136,789 shares during the last quarter. Morgan Stanley grew its stake in The Habit Restaurants by 76.2% in the 1st 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 during the last quarter. Vanguard Group Inc. grew its stake in The Habit Restaurants by 11.9% in the 1st 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 during the last quarter. Capital World Investors grew its stake 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 buying an additional 850,370 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in The Habit Restaurants by 10.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock valued at $16,001,000 after buying an additional 94,300 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.

Analyst Recommendations for The Habit Restaurants (NASDAQ:HABT)

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