Habit Restaurants Inc (NASDAQ:HABT) saw unusually large options trading on Wednesday. Traders purchased 772 put options on the stock. This represents an increase of 1,254% compared to the typical daily volume of 57 put options.

A number of research firms have weighed in on HABT. TheStreet raised shares of Habit Restaurants from a “d” rating to a “c-” rating in a research note on Monday, November 20th. Robert W. Baird lowered shares of 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, November 2nd. Raymond James Financial reissued a “market perform” rating on shares of Habit Restaurants in a research note on Thursday, November 2nd. ValuEngine lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Wedbush reissued a “hold” rating and issued a $11.00 target price on shares of Habit Restaurants in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.94.

Shares of Habit Restaurants (HABT) opened at $8.80 on Friday. The company has a market cap of $229.02, a P/E ratio of 38.26, a PEG ratio of 3.59 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 12-month low of $8.50 and a 12-month high of $19.75.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Grandeur Peak Global Advisors LLC acquired a new position in shares of Habit Restaurants in the third quarter worth $141,000. Elk Creek Partners LLC lifted its position in Habit Restaurants by 7.3% in the third quarter. Elk Creek Partners LLC now owns 676,336 shares of the restaurant operator’s stock valued at $8,826,000 after acquiring an additional 45,808 shares during the last quarter. Brown Advisory Inc. lifted its position in Habit Restaurants by 926.7% in the third quarter. Brown Advisory Inc. now owns 1,596,295 shares of the restaurant operator’s stock valued at $20,832,000 after acquiring an additional 1,440,821 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Habit Restaurants in the third quarter valued at $206,000. Finally, JPMorgan Chase & Co. purchased a new stake in Habit Restaurants in the third quarter valued at $270,000. 76.32% of the stock is currently 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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