The Habit Restaurants, Inc. (HABT) Insider Sells $24,540.00 in Stock
The Habit Restaurants, Inc. (NASDAQ:HABT) insider Peter Whitwell sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $12.27, for a total value of $24,540.00. Following the sale, the insider now owns 16,474 shares in the company, valued at $202,135.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of The Habit Restaurants, Inc. (NASDAQ HABT) traded down $3.15 during trading on Friday, hitting $9.20. The stock had a trading volume of 691,208 shares, compared to its average volume of 607,021. The stock has a market cap of $242.01 million, a P/E ratio of 40.44 and a beta of 1.05.
The Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm 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 1.46% and a return on equity of 4.11%. The Habit Restaurants’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. sell-side analysts anticipate that The Habit Restaurants, Inc. will post 0.18 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on HABT. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of The Habit Restaurants in a research note on Thursday. Wedbush restated a “hold” rating and issued a $11.00 target price on shares of The Habit Restaurants in a research note on Thursday. Robert W. Baird lowered The Habit Restaurants from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $12.00 in a research note on Thursday. Stephens decreased their target price on The Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Finally, Zacks Investment Research upgraded The Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The Habit Restaurants presently has a consensus rating of “Hold” and an average price target of $16.36.
Several institutional investors have recently made changes to their positions in the company. Teton Advisors Inc. bought a new position in shares of The Habit Restaurants during the 3rd quarter valued at about $142,000. Wasatch Advisors Inc. boosted its holdings in 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 acquiring an additional 24,747 shares during the period. California State Teachers Retirement System boosted its holdings in 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 acquiring an additional 9,200 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in 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 acquiring an additional 5,151 shares during the period. Finally, State Street Corp boosted its holdings in 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 acquiring an additional 78,113 shares during the period. Hedge funds and other institutional investors own 73.83% 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.
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