Jefferies Group LLC lifted its position in Habit Restaurants Inc (NASDAQ:HABT) by 646.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,938 shares of the restaurant operator’s stock after acquiring an additional 238,129 shares during the quarter. Jefferies Group LLC owned 1.06% of Habit Restaurants worth $4,385,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Habit Restaurants in the 3rd quarter valued at $430,000. Renaissance Technologies LLC lifted its stake in shares of Habit Restaurants by 39.5% in the 3rd quarter. Renaissance Technologies LLC now owns 1,244,900 shares of the restaurant operator’s stock valued at $19,856,000 after purchasing an additional 352,600 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Habit Restaurants by 412.5% in the 3rd quarter. Hsbc Holdings PLC now owns 79,282 shares of the restaurant operator’s stock valued at $1,262,000 after purchasing an additional 63,811 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Habit Restaurants in the 3rd quarter valued at $2,569,000. Finally, Brown Advisory Inc. lifted its stake in shares of Habit Restaurants by 4.2% in the 3rd quarter. Brown Advisory Inc. now owns 1,096,547 shares of the restaurant operator’s stock valued at $17,490,000 after purchasing an additional 44,374 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.
HABT has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, September 7th. Guggenheim boosted their target price on shares of Habit Restaurants from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Stephens boosted their target price on shares of Habit Restaurants from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 31st. Piper Jaffray Companies boosted their target price on shares of Habit Restaurants to $16.00 in a research note on Friday, October 5th. Finally, BidaskClub cut shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Habit Restaurants presently has an average rating of “Hold” and a consensus target price of $15.00.
Shares of NASDAQ HABT opened at $11.52 on Friday. The firm has a market capitalization of $301.11 million, a P/E ratio of 82.57, a P/E/G ratio of 4.59 and a beta of 1.13. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. Habit Restaurants Inc has a one year low of $8.10 and a one year high of $18.30.
Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.05 EPS for the quarter. The company had revenue of $104.64 million during the quarter, compared to analyst estimates of $101.43 million. Habit Restaurants had a negative net margin of 1.06% and a positive return on equity of 2.54%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. Equities research analysts expect that Habit Restaurants Inc will post 0.13 earnings per share for the current year.
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Habit Restaurants Company Profile
The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.
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