The Habit Restaurants, Inc. (HABT) Receives Hold Rating from Wedbush
The Habit Restaurants, Inc. (NASDAQ:HABT)‘s stock had its “hold” rating reaffirmed by Wedbush in a research note issued on Thursday. They currently have a $11.00 price objective on the restaurant operator’s stock. Wedbush’s target price points to a potential downside of 10.57% from the stock’s previous close.
A number of other research firms have also recently issued reports on HABT. Piper Jaffray Companies reissued a “buy” rating on shares of The Habit Restaurants in a report on Friday, July 14th. BidaskClub raised The Habit Restaurants from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $22.00 price objective on shares of The Habit Restaurants in a report on Monday, July 24th. Cowen and Company cut The Habit Restaurants from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $22.00 to $16.00 in a report on Thursday, August 3rd. Finally, Robert W. Baird reissued a “buy” rating and set a $20.00 price objective on shares of The Habit Restaurants in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.36.
The Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Tuesday, October 31st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The company had revenue of $84.60 million for the quarter, compared to the consensus estimate of $85.77 million. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of HABT. Teton Advisors Inc. acquired a new position in shares of The Habit Restaurants in the 3rd quarter valued at approximately $142,000. American International Group Inc. boosted its position in The Habit Restaurants by 7.2% during the 1st quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 558 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in The Habit Restaurants during the 2nd quarter worth approximately $168,000. Stifel Financial Corp acquired a new position in The Habit Restaurants during the 2nd quarter worth approximately $172,000. Finally, Nationwide Fund Advisors boosted its position in The Habit Restaurants by 52.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after acquiring an additional 3,949 shares during the last quarter. Institutional investors and hedge funds own 73.83% of the company’s stock.
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.
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