Habit Restaurants Sees Unusually High Options Volume (HABT)

Habit Restaurants Inc (NASDAQ:HABT) saw some unusual options trading activity on Monday. Stock traders purchased 609 call options on the company. This represents an increase of 661% compared to the typical volume of 80 call options.

A number of research firms have issued reports on HABT. ValuEngine cut shares of Habit Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Stephens cut shares of Habit Restaurants from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a report on Thursday, May 3rd. Maxim Group reaffirmed a “buy” rating and set a $12.00 price objective on shares of Habit Restaurants in a research report on Thursday, May 3rd. Zacks Investment Research lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub raised shares of Habit Restaurants from a “hold” rating to a “buy” rating in a research report on Saturday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its stake in shares of Habit Restaurants by 151.1% in the first quarter. Jane Street Group LLC now owns 28,369 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 17,070 shares during the last quarter. Barclays PLC raised its stake in shares of Habit Restaurants by 173.1% in the first quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock worth $203,000 after purchasing an additional 14,662 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Habit Restaurants in the first quarter worth about $552,000. UBS Group AG raised its stake in shares of Habit Restaurants by 142.0% in the first quarter. UBS Group AG now owns 156,540 shares of the restaurant operator’s stock worth $1,377,000 after purchasing an additional 91,859 shares during the last quarter. Finally, Elk Creek Partners LLC raised its stake in shares of Habit Restaurants by 16.5% in the first quarter. Elk Creek Partners LLC now owns 781,581 shares of the restaurant operator’s stock worth $6,878,000 after purchasing an additional 110,699 shares during the last quarter. Hedge funds and other institutional investors own 63.99% of the company’s stock.

Shares of Habit Restaurants opened at $10.20 on Tuesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.01 and a quick ratio of 0.96. The stock has a market cap of $274.82 million, a PE ratio of 63.75, a P/E/G ratio of 23.67 and a beta of 0.52. Habit Restaurants has a 52 week low of $8.10 and a 52 week high of $17.45.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, May 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Habit Restaurants had a positive return on equity of 1.35% and a negative net margin of 1.16%. The firm had revenue of $91.90 million during the quarter, compared to analysts’ expectations of $93.75 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities analysts predict that Habit Restaurants will post 0.02 EPS for the current year.

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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