Shares of Habit Restaurants Inc (NASDAQ:HABT) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $16.88.

Several research analysts have commented on the company. Robert W. Baird reissued a “buy” rating on shares of Habit Restaurants in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Cowen and Company downgraded shares of Habit Restaurants from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $22.00 to $16.00 in a research note on Thursday, August 3rd. BidaskClub lowered shares of Habit Restaurants from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $22.00 price target on shares of Habit Restaurants in a report on Monday, July 24th.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/04/habit-restaurants-inc-habt-receives-consensus-rating-of-hold-from-analysts.html.

A number of institutional investors and hedge funds have recently modified their holdings of HABT. Russell Investments Group Ltd. raised its position in Habit Restaurants by 134.3% in the first quarter. Russell Investments Group Ltd. now owns 166,782 shares of the restaurant operator’s stock valued at $2,952,000 after purchasing an additional 95,598 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Habit Restaurants by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock valued at $1,003,000 after purchasing an additional 2,280 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Habit Restaurants during the first quarter valued at about $324,000. American International Group Inc. boosted its stake in shares of Habit Restaurants by 7.2% during the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 558 shares in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Habit Restaurants during the first quarter valued at about $4,236,000. 73.82% of the stock is owned by institutional investors and hedge funds.

Shares of Habit Restaurants (NASDAQ:HABT) traded down 1.52% on Wednesday, reaching $13.00. The company’s stock had a trading volume of 32,644 shares. The company has a market cap of $264.32 million, a PE ratio of 50.39 and a beta of 1.08. The firm has a 50 day moving average of $13.10 and a 200 day moving average of $16.13. Habit Restaurants has a 52-week low of $12.00 and a 52-week high of $19.75.

Habit Restaurants (NASDAQ:HABT) last announced 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. Habit Restaurants had a return on equity of 3.67% and a net margin of 2.06%. Habit Restaurants’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. Analysts predict that Habit Restaurants will post $0.23 earnings per share for the current year.

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 sides, shakes and malts.

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

Receive News & Ratings for Habit Restaurants Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Habit Restaurants Inc and related companies with MarketBeat.com's FREE daily email newsletter.