Habit Restaurants Inc (HABT) Receives $15.00 Average Target Price from Analysts

Habit Restaurants Inc (NASDAQ:HABT) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.00.

A number of brokerages have recently weighed in on HABT. BidaskClub lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, November 1st. Stephens increased their target price on shares of Habit Restaurants from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 31st. Maxim Group raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and dropped their target price for the company from $19.00 to $15.00 in a research report on Wednesday, October 31st. Finally, Piper Jaffray Companies increased their target price on shares of Habit Restaurants to $16.00 in a research report on Friday, October 5th.

Shares of HABT traded down $0.14 during midday trading on Monday, reaching $11.39. The stock had a trading volume of 6,207 shares, compared to its average volume of 335,045. Habit Restaurants has a 1-year low of $8.10 and a 1-year high of $18.30. The firm has a market capitalization of $300.33 million, a price-to-earnings ratio of 71.31, a PEG ratio of 4.58 and a beta of 1.13. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share for the quarter. Habit Restaurants had a negative net margin of 1.06% and a positive return on equity of 2.54%. The business had revenue of $104.64 million for the quarter, compared to analyst estimates of $101.43 million. During the same period last year, the business earned $0.01 EPS. The company’s revenue was up 23.7% on a year-over-year basis. On average, analysts predict that Habit Restaurants will post 0.13 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in shares of Habit Restaurants by 5.2% in the 3rd quarter. Morgan Stanley now owns 2,486,821 shares of the restaurant operator’s stock valued at $39,665,000 after buying an additional 122,496 shares during the last quarter. BlackRock Inc. grew its position in shares of Habit Restaurants by 4.8% in the 2nd quarter. BlackRock Inc. now owns 1,468,261 shares of the restaurant operator’s stock valued at $14,683,000 after buying an additional 66,729 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Habit Restaurants by 39.5% in the 3rd quarter. Renaissance Technologies LLC now owns 1,244,900 shares of the restaurant operator’s stock valued at $19,856,000 after buying an additional 352,600 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Habit Restaurants by 4.2% in the 3rd quarter. Brown Advisory Inc. now owns 1,096,547 shares of the restaurant operator’s stock valued at $17,490,000 after buying an additional 44,374 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Habit Restaurants by 7.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 922,701 shares of the restaurant operator’s stock valued at $14,717,000 after buying an additional 66,004 shares during the last quarter. 63.09% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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