Habit Restaurants (NASDAQ:HABT) had its price objective boosted by Stephens from $14.00 to $16.00 in a research note issued to investors on Wednesday, The Fly reports. Stephens currently has an equal weight rating on the restaurant operator’s stock.
A number of other research firms also recently weighed in on HABT. Piper Jaffray Companies raised their target price on shares of Habit Restaurants to $16.00 in a research report on Friday, October 5th. ValuEngine raised shares of Habit Restaurants from a hold rating to a buy rating in a research report on Friday, August 3rd. Guggenheim increased their price target on shares of Habit Restaurants from $15.00 to $17.00 and gave the company a buy rating in a research note on Wednesday, October 3rd. BidaskClub upgraded shares of Habit Restaurants from a buy rating to a strong-buy rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research upgraded shares of Habit Restaurants from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Monday, August 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $15.00.
Habit Restaurants stock traded up $0.58 during mid-day trading on Wednesday, reaching $14.85. The company’s stock had a trading volume of 695,438 shares, compared to its average volume of 404,948. The company has a market cap of $330.81 million, a P/E ratio of 92.81, a price-to-earnings-growth ratio of 10.58 and a beta of 1.14. Habit Restaurants has a 12 month low of $8.10 and a 12 month high of $18.30. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12.
Habit Restaurants (NASDAQ:HABT) last released its earnings results on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share for the quarter. The business had revenue of $104.64 million during the quarter, compared to the consensus estimate of $101.43 million. Habit Restaurants had a negative net margin of 1.06% and a positive return on equity of 2.55%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. On average, equities research analysts forecast that Habit Restaurants will post 0.07 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its stake in Habit Restaurants by 173.1% in the first quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock valued at $203,000 after acquiring an additional 14,662 shares during the last quarter. Jane Street Group LLC lifted its stake in Habit Restaurants by 151.1% in the first quarter. Jane Street Group LLC now owns 28,369 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 17,070 shares during the last quarter. Wrapmanager Inc. lifted its stake in Habit Restaurants by 13.8% in the second quarter. Wrapmanager Inc. now owns 30,572 shares of the restaurant operator’s stock valued at $306,000 after acquiring an additional 3,708 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Habit Restaurants by 196.1% in the second quarter. GSA Capital Partners LLP now owns 45,300 shares of the restaurant operator’s stock valued at $453,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Habit Restaurants in the third quarter valued at $586,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.
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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