Habit Restaurants (HABT) Upgraded at Zacks Investment Research

Habit Restaurants (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “

HABT has been the subject of several other research reports. Robert W. Baird reissued a “buy” rating on shares of Habit Restaurants in a report on Friday, September 8th. Stephens reduced their price target on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Maxim Group initiated coverage on Habit Restaurants in a report on Wednesday, December 13th. They issued a “buy” rating and a $13.00 price target for the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Habit Restaurants in a report on Thursday, November 2nd. Finally, ValuEngine cut Habit Restaurants from a “hold” rating to a “sell” rating in a report on Sunday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.94.

Shares of Habit Restaurants (NASDAQ:HABT) traded up $0.10 during mid-day trading on Thursday, hitting $9.70. The stock had a trading volume of 370,995 shares, compared to its average volume of 418,088. The firm has a market cap of $252.44, a PE ratio of 42.17, a PEG ratio of 4.02 and a beta of 0.88. 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 has a fifty-two week low of $8.85 and a fifty-two week high of $19.75.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $85.77 million. Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. research analysts expect that Habit Restaurants will post 0.14 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in Habit Restaurants by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock worth $47,521,000 after purchasing an additional 136,789 shares during the period. Brown Advisory Inc. raised its holdings in Habit Restaurants by 926.7% in the 3rd quarter. Brown Advisory Inc. now owns 1,596,295 shares of the restaurant operator’s stock worth $20,832,000 after purchasing an additional 1,440,821 shares during the period. Capital World Investors raised its holdings in shares of Habit Restaurants by 512.9% during the second quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after acquiring an additional 850,370 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Habit Restaurants by 10.3% during the second quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock valued at $16,001,000 after acquiring an additional 94,300 shares during the last quarter. Finally, GMT Capital Corp acquired a new position in shares of Habit Restaurants during the third quarter valued at approximately $9,023,000. 76.32% of the stock is owned by institutional investors.

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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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