Habit Restaurants Inc (NASDAQ:HABT) has received a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.00.
Several research firms have recently weighed in on HABT. BidaskClub downgraded shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Thursday, November 1st. Wedbush reissued a “buy” rating and issued a $20.00 price target on shares of Habit Restaurants in a research note on Thursday, September 13th. Maxim Group raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Wednesday, October 31st. Finally, Piper Jaffray Companies raised their price target on shares of Habit Restaurants to $16.00 in a research note on Friday, October 5th.
A number of hedge funds have recently modified their holdings of HABT. Renaissance Technologies LLC raised its stake in Habit Restaurants by 39.5% during the third quarter. Renaissance Technologies LLC now owns 1,244,900 shares of the restaurant operator’s stock worth $19,856,000 after purchasing an additional 352,600 shares during the period. Dimensional Fund Advisors LP raised its stake in Habit Restaurants by 38.5% during the second quarter. Dimensional Fund Advisors LP now owns 856,697 shares of the restaurant operator’s stock worth $8,567,000 after purchasing an additional 238,193 shares during the period. Jefferies Group LLC raised its stake in Habit Restaurants by 646.9% during the third quarter. Jefferies Group LLC now owns 274,938 shares of the restaurant operator’s stock worth $4,385,000 after purchasing an additional 238,129 shares during the period. SG Americas Securities LLC purchased a new position in Habit Restaurants during the third quarter worth about $2,828,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Habit Restaurants during the third quarter worth about $2,569,000. 63.09% of the stock is currently owned by institutional investors.
Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share for the quarter. The firm had revenue of $104.64 million for 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 2.54%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. On average, analysts expect that Habit Restaurants will post 0.13 earnings per share for the current year.
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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