Habit Restaurants (HABT) Research Coverage Started at Maxim Group
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.
Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $85.77 million. Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. equities analysts forecast that Habit Restaurants will post 0.16 earnings per share for the current year.
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.
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