Two Sigma Investments LP Acquires New Position in Habit Restaurants (HABT)

Two Sigma Investments LP acquired a new stake in Habit Restaurants (NASDAQ:HABT) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 105,463 shares of the restaurant operator’s stock, valued at approximately $1,007,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Habit Restaurants by 3,981.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,061 shares of the restaurant operator’s stock valued at $106,000 after purchasing an additional 10,790 shares during the last quarter. Schroder Investment Management Group acquired a new position in Habit Restaurants in the 3rd quarter valued at $206,000. Bogle Investment Management L P DE acquired a new position in Habit Restaurants in the 4th quarter valued at $180,000. JPMorgan Chase & Co. acquired a new position in Habit Restaurants in the 3rd quarter valued at $270,000. Finally, Goldman Sachs Group Inc. raised its stake in Habit Restaurants by 273.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 35,534 shares of the restaurant operator’s stock valued at $339,000 after purchasing an additional 26,027 shares during the last quarter. 73.64% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:HABT opened at $9.15 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.19 and a quick ratio of 1.14. The firm has a market capitalization of $238.07, a price-to-earnings ratio of 57.19, a P/E/G ratio of 11.60 and a beta of 0.59. Habit Restaurants has a 52-week low of $8.10 and a 52-week high of $19.75.

HABT has been the subject of several analyst reports. Maxim Group initiated coverage on Habit Restaurants in a report on Wednesday, December 13th. They issued a “buy” rating and a $13.00 target price for the company. ValuEngine cut Habit Restaurants from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Wedbush restated a “hold” rating and issued a $10.00 target price on shares of Habit Restaurants in a report on Thursday, March 1st. Finally, Cowen dropped their target price on Habit Restaurants from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Habit Restaurants has an average rating of “Hold” and a consensus price target of $14.00.

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About Habit Restaurants

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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Institutional Ownership by Quarter for Habit Restaurants (NASDAQ:HABT)

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