Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.63.
A number of equities research analysts have recently issued reports on HABT shares. Robert W. Baird reiterated a “buy” rating on shares of The Habit Restaurants in a research report on Friday. Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research report on Friday, July 14th. Wedbush reiterated a “buy” rating and set a $25.00 price target on shares of The Habit Restaurants in a research report on Sunday, July 30th. Zacks Investment Research upgraded shares of The Habit Restaurants from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, June 2nd. Finally, Cowen and Company reiterated a “hold” rating and set a $16.00 price target on shares of The Habit Restaurants in a research report on Tuesday.
Several institutional investors and hedge funds have recently modified their holdings of HABT. American International Group Inc. increased its stake in shares of The Habit Restaurants by 7.2% during the 1st 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 in the last quarter. OxFORD Asset Management LLP purchased a new position in shares of The Habit Restaurants during the 2nd quarter worth approximately $168,000. Nationwide Fund Advisors increased its stake in shares of The Habit Restaurants by 52.6% during the 2nd 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 in the last quarter. Bfsg LLC purchased a new position in shares of The Habit Restaurants during the 1st quarter worth approximately $190,000. Finally, Stevens Capital Management LP purchased a new position in shares of The Habit Restaurants during the 2nd quarter worth approximately $256,000. 94.48% of the stock is owned by institutional investors and hedge funds.
The Habit Restaurants (HABT) traded up 2.31% during midday trading on Friday, reaching $13.30. The company’s stock had a trading volume of 219,323 shares. The Habit Restaurants has a 52 week low of $12.60 and a 52 week high of $19.75. The company’s 50-day moving average is $14.11 and its 200 day moving average is $16.33. The firm has a market capitalization of $270.42 million, a P/E ratio of 51.55 and a beta of 1.07.
The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The company had revenue of $83.30 million during the quarter, compared to the consensus estimate of $84.15 million. During the same period last year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that The Habit Restaurants will post $0.23 earnings per share for the current fiscal year.
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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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