Ameriprise Financial Inc. cut its holdings in Habit Restaurants Inc (NASDAQ:HABT) by 51.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,468 shares of the restaurant operator’s stock after selling 118,048 shares during the period. Ameriprise Financial Inc. owned about 0.42% of Habit Restaurants worth $1,429,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors boosted its position in Habit Restaurants by 512.9% during the second quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock worth $16,055,000 after purchasing an additional 850,370 shares during the period. Dimensional Fund Advisors LP boosted its position in Habit Restaurants by 170.5% during the second quarter. Dimensional Fund Advisors LP now owns 255,584 shares of the restaurant operator’s stock worth $4,038,000 after purchasing an additional 161,107 shares during the period. Wells Fargo & Company MN boosted its position in shares of Habit Restaurants by 4.8% in the second quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock valued at $47,521,000 after acquiring an additional 136,789 shares during the period. Granite Point Capital Management L.P. bought a new stake in shares of Habit Restaurants in the second quarter valued at about $1,580,000. Finally, Renaissance Technologies LLC boosted its position in shares of Habit Restaurants by 10.3% in 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 period. Institutional investors own 76.02% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Habit Restaurants from a “d” rating to a “c-” rating in a research report on Monday, November 20th. Stephens cut their price objective on shares of Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Maxim Group began coverage on Habit Restaurants in a research note on Wednesday, December 13th. They set a “buy” rating and a $13.00 target price for the company. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Habit Restaurants in a research note on Monday, October 9th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Habit Restaurants in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.94.
Habit Restaurants Inc (HABT) traded down $0.10 during trading on Thursday, hitting $8.65. The company’s stock had a trading volume of 367,407 shares, compared to its average volume of 439,160. The company has a market cap of $225.12, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.52 and a beta of 0.88. Habit Restaurants Inc has a 52-week low of $8.50 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.43 and a quick ratio of 1.39.
Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The firm had revenue of $84.60 million during the quarter, compared to the consensus estimate of $85.77 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. Habit Restaurants’s revenue for the quarter was up 17.7% on a year-over-year basis. sell-side analysts expect that Habit Restaurants Inc will post 0.14 earnings per share for the current fiscal year.
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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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