Penn Capital Management Co. Inc. grew its stake in shares of Habit Restaurants Inc (NASDAQ:HABT) by 170.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 423,542 shares of the restaurant operator’s stock after acquiring an additional 267,150 shares during the period. Penn Capital Management Co. Inc. owned about 1.63% of Habit Restaurants worth $4,583,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of HABT. BNP Paribas Arbitrage SA raised its stake in shares of Habit Restaurants by 512.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 3,547 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Habit Restaurants by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 5,590 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Habit Restaurants during the fourth quarter valued at approximately $100,000. Stephens Inc. AR bought a new stake in shares of Habit Restaurants during the first quarter valued at approximately $130,000. Finally, Stifel Financial Corp bought a new stake in shares of Habit Restaurants during the fourth quarter valued at approximately $132,000. 65.80% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, May 7th. ValuEngine raised shares of Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. BidaskClub raised shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Habit Restaurants in a research note on Friday, March 1st. Finally, Maxim Group reissued a “buy” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Habit Restaurants in a research note on Monday, February 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.67.
Shares of NASDAQ:HABT opened at $12.48 on Thursday. The company has a market capitalization of $332.11 million, a P/E ratio of 74.82, a price-to-earnings-growth ratio of 4.69 and a beta of 1.09. Habit Restaurants Inc has a 52 week low of $8.60 and a 52 week high of $18.30. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.03.
Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Thursday, February 28th. The restaurant operator reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $102.71 million during the quarter, compared to the consensus estimate of $99.87 million. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%. On average, sell-side analysts predict that Habit Restaurants Inc will post 0.13 EPS for the current fiscal 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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