The Habit Restaurants, Inc. (NASDAQ:HABT) had its price objective cut by analysts at Stephens from $21.00 to $18.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the restaurant operator’s stock. Stephens’ target price suggests a potential upside of 36.88% from the company’s current price.

HABT has been the topic of a number of other research reports. Robert W. Baird reiterated a “buy” rating on shares of The Habit Restaurants in a research report on Friday, September 8th. Zacks Investment Research upgraded The Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Cowen and Company lowered The 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 report on Thursday, August 3rd. BidaskClub lowered The Habit Restaurants from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $22.00 price target on shares of The Habit Restaurants in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The Habit Restaurants currently has a consensus rating of “Hold” and a consensus price target of $17.93.

The Habit Restaurants (NASDAQ:HABT) traded down 1.50% during trading on Wednesday, reaching $13.15. The company’s stock had a trading volume of 160,695 shares. The stock has a market cap of $267.37 million, a price-to-earnings ratio of 50.97 and a beta of 1.08. The Habit Restaurants has a 52-week low of $12.00 and a 52-week high of $19.75. The firm has a 50 day moving average price of $13.02 and a 200-day moving average price of $16.03.

The Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The Habit Restaurants had a return on equity of 4.97% and a net margin of 1.64%. The firm had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.15 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, analysts expect that The Habit Restaurants will post $0.23 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Wasatch Advisors Inc. boosted its position in shares of The Habit Restaurants by 27.8% during the 2nd quarter. Wasatch Advisors Inc. now owns 113,675 shares of the restaurant operator’s stock valued at $1,796,000 after purchasing an additional 24,747 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of The Habit Restaurants by 34.7% during the 2nd quarter. California State Teachers Retirement System now owns 35,734 shares of the restaurant operator’s stock valued at $565,000 after purchasing an additional 9,200 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of The Habit Restaurants by 43.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,137 shares of the restaurant operator’s stock valued at $271,000 after purchasing an additional 5,151 shares in the last quarter. State Street Corp boosted its position in shares of The Habit Restaurants by 36.8% during the 2nd quarter. State Street Corp now owns 290,637 shares of the restaurant operator’s stock valued at $4,590,000 after purchasing an additional 78,113 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of The Habit Restaurants by 512.9% during the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after purchasing an additional 850,370 shares in the last quarter. Institutional investors own 73.82% 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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