BidaskClub downgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a sell rating in a report published on Tuesday morning.
HABT has been the topic of a number of other research reports. Zacks Investment Research upgraded Habit Restaurants from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Wednesday, September 26th. Maxim Group upgraded Habit Restaurants from a hold rating to a buy rating and lowered their target price for the company from $19.00 to $15.00 in a report on Wednesday, October 31st. Wedbush reiterated a buy rating and set a $20.00 target price on shares of Habit Restaurants in a report on Thursday, September 13th. Stephens increased their target price on Habit Restaurants from $14.00 to $16.00 and gave the company an equal weight rating in a report on Wednesday, October 31st. Finally, Guggenheim increased their target price on Habit Restaurants from $15.00 to $17.00 and gave the company a buy rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Habit Restaurants presently has a consensus rating of Hold and a consensus price target of $15.00.
HABT opened at $11.56 on Tuesday. The company has a market capitalization of $300.33 million, a P/E ratio of 72.25, a PEG ratio of 4.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.99. Habit Restaurants has a 1-year low of $8.10 and a 1-year high of $18.30.
Habit Restaurants (NASDAQ:HABT) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $101.43 million. Habit Restaurants had a positive return on equity of 2.54% and a negative net margin of 1.06%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. As a group, equities research analysts forecast that Habit Restaurants will post 0.13 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Habit Restaurants by 18.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 102,493 shares of the restaurant operator’s stock worth $1,025,000 after purchasing an additional 15,801 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Habit Restaurants during the third quarter worth $2,569,000. Manatuck Hill Partners LLC acquired a new stake in shares of Habit Restaurants during the second quarter worth $1,250,000. Brown Advisory Inc. boosted its holdings in shares of Habit Restaurants by 4.2% during the third quarter. Brown Advisory Inc. now owns 1,096,547 shares of the restaurant operator’s stock worth $17,490,000 after purchasing an additional 44,374 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its holdings in shares of Habit Restaurants by 72.7% during the third quarter. Wasatch Advisors Inc. now owns 256,176 shares of the restaurant operator’s stock worth $4,086,000 after purchasing an additional 107,832 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.
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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