JPMorgan Chase & Co. decreased its stake in The Habit Restaurants, Inc. (NASDAQ:HABT) by 69.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 391,582 shares of the company’s stock after selling 875,940 shares during the period. JPMorgan Chase & Co. owned approximately 2.18% of The Habit Restaurants worth $5,482,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of HABT. Wells Fargo & Company MN boosted its stake in The Habit Restaurants by 7.7% in the third quarter. Wells Fargo & Company MN now owns 3,184,864 shares of the company’s stock valued at $44,588,000 after buying an additional 226,795 shares during the period. Vanguard Group Inc. boosted its stake in The Habit Restaurants by 10.5% in the second quarter. Vanguard Group Inc. now owns 880,510 shares of the company’s stock valued at $14,422,000 after buying an additional 84,022 shares during the period. Elk Creek Partners LLC boosted its stake in The Habit Restaurants by 56.2% in the second quarter. Elk Creek Partners LLC now owns 429,821 shares of the company’s stock valued at $3,570,000 after buying an additional 154,625 shares during the period. Passport Capital LLC bought a new stake in The Habit Restaurants during the second quarter valued at approximately $7,031,000. Finally, GMT Capital Corp bought a new stake in The Habit Restaurants during the second quarter valued at approximately $6,231,000. 86.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) traded down 1.1067% during trading on Wednesday, reaching $16.3174. 167,018 shares of the company traded hands. The firm has a market capitalization of $312.87 million, a price-to-earnings ratio of 68.8498 and a beta of 1.25. The company has a 50 day moving average price of $16.82 and a 200 day moving average price of $15.46. The Habit Restaurants, Inc. has a 12-month low of $13.20 and a 12-month high of $24.44.
The Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, November 2nd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by $0.01. The firm earned $71.90 million during the quarter, compared to analyst estimates of $72.06 million. The Habit Restaurants had a net margin of 1.42% and a return on equity of 5.39%. The Habit Restaurants’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts predict that The Habit Restaurants, Inc. will post $0.28 EPS for the current year.
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Several analysts have recently commented on HABT shares. Zacks Investment Research raised shares of The Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, October 18th. Wedbush reissued an “outperform” rating and set a $17.00 price target (down from $20.00) on shares of The Habit Restaurants in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The Habit Restaurants presently has a consensus rating of “Buy” and an average target price of $25.17.
In other news, insider Peter Whitwell sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $16.90, for a total value of $25,350.00. Following the completion of the transaction, the insider now directly owns 387 shares in the company, valued at approximately $6,540.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.77% of the stock is currently owned by insiders.
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 salads, sides, shakes and malts.
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