Stock analysts at Maxim Group began coverage on shares of Habit Restaurants (NASDAQ:HABT) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $13.00 price target on the restaurant operator’s stock. Maxim Group’s target price suggests a potential upside of 30.00% from the stock’s current price.
HABT has been the topic of several other research reports. Robert W. Baird restated a “buy” rating on shares of Habit Restaurants in a research report on Friday, September 8th. Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Stephens dropped their target price on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th. Raymond James Financial restated a “market perform” rating on shares of Habit Restaurants in a research report on Thursday, November 2nd. Finally, Wedbush restated a “hold” rating and set a $11.00 target price on shares of Habit Restaurants in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.94.
Habit Restaurants (HABT) traded up $0.20 during trading hours on Wednesday, hitting $10.00. The company’s stock had a trading volume of 871,859 shares, compared to its average volume of 390,086. The stock has a market capitalization of $252.43, a P/E ratio of 42.17, a P/E/G ratio of 2.57 and a beta of 0.87. Habit Restaurants has a 12-month low of $8.85 and a 12-month high of $19.75. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08.
Hedge funds have recently modified their holdings of the stock. OxFORD Asset Management LLP purchased a new stake in shares of Habit Restaurants in the second quarter worth $168,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Habit Restaurants in the third quarter worth $141,000. Teton Advisors Inc. purchased a new stake in shares of Habit Restaurants in the third quarter worth $142,000. Nationwide Fund Advisors raised its position in shares of Habit Restaurants by 52.6% in the second quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after buying an additional 3,949 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Habit Restaurants in the third quarter worth $206,000. Institutional investors own 76.32% of the company’s stock.
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.
