Raymond James Financial, Inc. reiterated their market perform rating on shares of The Habit Restaurants, Inc. (NASDAQ:HABT) in a report published on Thursday, November 2nd, MarketBeat.com reports.
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of The Habit Restaurants from a strong sell rating to a sell rating in a research note on Monday, July 24th. Piper Jaffray Companies reissued a buy rating on shares of The Habit Restaurants in a research note on Friday, July 14th. Wedbush reissued a buy rating and set a $25.00 price target on shares of The Habit Restaurants in a research note on Sunday, July 30th. Cowen and Company reissued a hold rating and set a $16.00 price target on shares of The Habit Restaurants in a research note on Tuesday, September 12th. Finally, Robert W. Baird downgraded shares of The Habit Restaurants from an outperform rating to a neutral rating and dropped their price target for the stock from $20.00 to $12.00 in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $16.36.
The Habit Restaurants (HABT) opened at $9.10 on Thursday. The company has a market cap of $239.43 and a PE ratio of 40.00. The Habit Restaurants has a 12-month low of $8.85 and a 12-month high of $19.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.43 and a quick ratio of 1.39.
The Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $84.60 million during the quarter, compared to analyst estimates of $85.77 million. The Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The Habit Restaurants’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. equities research analysts predict that The Habit Restaurants will post 0.17 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. boosted its holdings in The Habit Restaurants by 7.2% during the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 558 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in The Habit Restaurants during the second quarter worth $168,000. Grandeur Peak Global Advisors LLC acquired a new position in The Habit Restaurants during the third quarter worth $141,000. Teton Advisors Inc. acquired a new position in The Habit Restaurants during the third quarter worth $142,000. Finally, Nationwide Fund Advisors boosted its holdings in The Habit Restaurants by 52.6% during the second quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 3,949 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.
About The Habit Restaurants
The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers sides, shakes and malts.
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