Habit Restaurants (HABT) Downgraded to “Hold” at BidaskClub

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BidaskClub downgraded shares of Habit Restaurants (NASDAQ:HABT) from a buy rating to a hold rating in a report released on Wednesday, September 19th.

Other analysts have also issued research reports about the stock. Guggenheim reissued a buy rating and issued a $15.00 price target on shares of Habit Restaurants in a report on Thursday, August 2nd. Wedbush reaffirmed a buy rating and set a $17.00 target price on shares of Habit Restaurants in a report on Thursday, August 2nd. Maxim Group lifted their target price on shares of Habit Restaurants from $12.00 to $15.00 and gave the stock a buy rating in a report on Thursday, August 2nd. ValuEngine raised shares of Habit Restaurants from a hold rating to a buy rating in a report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Habit Restaurants from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Monday, August 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $15.25.

Shares of NASDAQ HABT traded down $0.03 during mid-day trading on Wednesday, hitting $15.27. 169,369 shares of the stock were exchanged, compared to its average volume of 352,734. The firm has a market cap of $415.47 million, a price-to-earnings ratio of 95.44, a PEG ratio of 14.95 and a beta of 0.92. 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 has a twelve month low of $8.10 and a twelve month high of $18.30.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $102.85 million during the quarter, compared to analyst estimates of $99.68 million. Habit Restaurants had a negative net margin of 0.84% and a positive return on equity of 1.68%. Habit Restaurants’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, analysts forecast that Habit Restaurants will post 0.05 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in HABT. Barclays PLC boosted its position in shares of Habit Restaurants by 173.1% during 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 in the last quarter. Jane Street Group LLC lifted its position in Habit Restaurants by 151.1% in the 1st 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 in the last quarter. Wrapmanager Inc. lifted its position in Habit Restaurants by 13.8% in the 2nd 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 in the last quarter. Engineers Gate Manager LP bought a new stake in Habit Restaurants in the 1st quarter valued at $366,000. Finally, GSA Capital Partners LLP lifted its position in Habit Restaurants by 196.1% in the 2nd 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 in the last quarter. 59.56% of the stock is currently owned by institutional investors.

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.

See Also: 52-Week High/Low

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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