Wasatch Advisors Inc. lifted its holdings in shares of The Habit Restaurants, Inc. (NASDAQ:HABT) by 27.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,675 shares of the restaurant operator’s stock after purchasing an additional 24,747 shares during the quarter. Wasatch Advisors Inc. owned 0.56% of The Habit Restaurants worth $1,796,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in The Habit Restaurants by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock valued at $1,003,000 after buying an additional 2,280 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in The Habit Restaurants in the 1st quarter valued at approximately $324,000. American International Group Inc. grew its stake in The Habit Restaurants by 7.2% in the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 558 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in The Habit Restaurants in the first quarter valued at approximately $4,236,000. Finally, Menta Capital LLC grew its stake in The Habit Restaurants by 200.6% in the first quarter. Menta Capital LLC now owns 41,700 shares of the restaurant operator’s stock valued at $738,000 after purchasing an additional 27,828 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors.
Shares of The Habit Restaurants, Inc. (NASDAQ HABT) traded down 0.41% during midday trading on Friday, hitting $12.15. The company had a trading volume of 186,777 shares. The company has a market capitalization of $247.03 million, a P/E ratio of 47.09 and a beta of 1.08. The Habit Restaurants, Inc. has a 52 week low of $11.77 and a 52 week high of $19.75. The firm’s 50 day moving average is $12.86 and its 200 day moving average is $15.66.
The Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.15 million. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. Equities research analysts anticipate that The Habit Restaurants, Inc. will post $0.23 EPS for the current year.
Several research analysts have recently commented on HABT shares. Stephens reduced their target price on The Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Zacks Investment Research downgraded The Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub upgraded The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Wedbush downgraded The Habit Restaurants from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $14.00 in a research note on Tuesday, September 26th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $16.00 price objective on shares of The Habit Restaurants in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.93.
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The 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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