The Habit Restaurants, Inc. (HABT) Receives “Hold” Rating from Wedbush

The Habit Restaurants, Inc. (NASDAQ:HABT)‘s stock had its “hold” rating restated by stock analysts at Wedbush in a research note issued on Thursday, November 2nd. They currently have a $11.00 price objective on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 20.88% from the company’s current price.

Several other brokerages have also weighed in on HABT. Stephens dropped their price objective on shares of The Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th. BidaskClub raised shares of The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of The Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Cowen and Company reissued a “hold” rating and issued a $16.00 price objective on shares of The Habit Restaurants in a research report on Tuesday, September 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of The Habit Restaurants in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.36.

Shares of The Habit Restaurants (NASDAQ:HABT) opened at $9.10 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08. The Habit Restaurants has a 1 year low of $8.85 and a 1 year high of $19.75. The stock has a market cap of $239.43 and a price-to-earnings ratio of 40.00.

The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $85.77 million. During the same period last year, the company posted $0.05 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. equities analysts anticipate that The Habit Restaurants will post 0.17 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its position in The Habit Restaurants by 47.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 63,182 shares of the restaurant operator’s stock worth $1,119,000 after acquiring an additional 20,270 shares during the period. Dimensional Fund Advisors LP grew its stake in The Habit Restaurants by 207.8% during the first quarter. Dimensional Fund Advisors LP now owns 94,477 shares of the restaurant operator’s stock worth $1,672,000 after buying an additional 63,785 shares in the last quarter. Renaissance Technologies LLC grew its stake in The Habit Restaurants by 10.3% during the second quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock worth $16,001,000 after buying an additional 94,300 shares in the last quarter. OLD National Bancorp IN grew its stake in The Habit Restaurants by 29.2% during the second quarter. OLD National Bancorp IN now owns 25,721 shares of the restaurant operator’s stock worth $406,000 after buying an additional 5,809 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in The Habit Restaurants by 4.8% during the second quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock worth $47,521,000 after buying an additional 136,789 shares in the last quarter. 71.14% of the stock is currently owned by institutional investors and hedge funds.

The Habit Restaurants Company Profile

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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