The Habit Restaurants, Inc. (HABT) Given Market Perform Rating at Raymond James Financial, Inc.

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.

Analyst Recommendations for The Habit Restaurants (NASDAQ:HABT)

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