Wells Fargo & Company MN cut its stake in Habit Restaurants (NASDAQ:HABT) by 33.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,527,689 shares of the restaurant operator’s stock after selling 753,242 shares during the period. Wells Fargo & Company MN owned approximately 5.87% of Habit Restaurants worth $14,589,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC acquired a new position in Habit Restaurants in the 3rd quarter valued at $141,000. Nationwide Fund Advisors increased its stake in shares of Habit Restaurants by 52.6% in the 2nd quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock valued at $181,000 after purchasing an additional 3,949 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Habit Restaurants in the 3rd quarter valued at $206,000. JPMorgan Chase & Co. bought a new position in shares of Habit Restaurants in the 3rd quarter valued at $270,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Habit Restaurants by 43.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,137 shares of the restaurant operator’s stock valued at $271,000 after purchasing an additional 5,151 shares during the last quarter. 73.64% of the stock is owned by hedge funds and other institutional investors.
HABT has been the topic of several recent analyst reports. Zacks Investment Research lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Guggenheim reiterated a “buy” rating on shares of Habit Restaurants in a research note on Thursday, March 1st. Maxim Group initiated coverage on Habit Restaurants in a research note on Wednesday, December 13th. They issued a “buy” rating and a $13.00 price target on the stock. ValuEngine lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Wedbush reiterated a “hold” rating and issued a $10.00 price target on shares of Habit Restaurants in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.00.
NASDAQ HABT opened at $9.15 on Friday. Habit Restaurants has a 12 month low of $8.10 and a 12 month high of $19.75. The stock has a market capitalization of $231.56, a price-to-earnings ratio of 57.19, a P/E/G ratio of 11.29 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.14 and a current ratio of 1.19.
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Habit Restaurants 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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