Habit Restaurants (HABT) Lifted to “Hold” at BidaskClub

Habit Restaurants (NASDAQ:HABT) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

HABT has been the topic of several other research reports. Zacks Investment Research raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, September 26th. ValuEngine raised shares of Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Tuesday. Maxim Group raised shares of Habit Restaurants from a “hold” rating to a “buy” rating and reduced their price objective for the company from $19.00 to $15.00 in a research note on Wednesday, October 31st. Wedbush reissued a “buy” rating and set a $20.00 price objective on shares of Habit Restaurants in a research note on Thursday, September 13th. Finally, Stephens increased their price target on shares of Habit Restaurants from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $15.00.

Shares of HABT traded up $0.13 on Thursday, hitting $11.45. 291,141 shares of the stock traded hands, compared to its average volume of 246,163. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.99. The company has a market capitalization of $296.95 million, a price-to-earnings ratio of 71.56, a PEG ratio of 5.90 and a beta of 1.20. Habit Restaurants has a 1 year low of $8.10 and a 1 year high of $18.30.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter. The business 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 quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Equities analysts expect that Habit Restaurants will post 0.13 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of HABT. Schwab Charles Investment Management Inc. raised its stake in Habit Restaurants by 18.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 102,493 shares of the restaurant operator’s stock worth $1,025,000 after purchasing an additional 15,801 shares during the period. GSA Capital Partners LLP raised its stake in Habit Restaurants by 196.1% during the second quarter. GSA Capital Partners LLP now owns 45,300 shares of the restaurant operator’s stock worth $453,000 after purchasing an additional 30,000 shares during the period. BlackRock Inc. raised its stake in Habit Restaurants by 4.8% during the second quarter. BlackRock Inc. now owns 1,468,261 shares of the restaurant operator’s stock worth $14,683,000 after purchasing an additional 66,729 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. Finally, Renaissance Technologies LLC raised its stake in Habit Restaurants by 10.4% during the second quarter. Renaissance Technologies LLC now owns 892,300 shares of the restaurant operator’s stock worth $8,923,000 after purchasing an additional 83,900 shares during the period. 62.94% of the stock is currently owned by institutional investors.

Habit Restaurants Company Profile

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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Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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