Maxim Group Reaffirms Buy Rating for Habit Restaurants (NASDAQ:HABT)

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Maxim Group restated their buy rating on shares of Habit Restaurants (NASDAQ:HABT) in a research report report published on Friday, AnalystRatings.com reports. The firm currently has a $17.00 price target on the restaurant operator’s stock.

“We maintain our Buy rating and $17 price target on The Habit Restaurants (HABT) following the company’s triple-beat results in 2Q19 (June).”,” the firm’s analyst commented.

A number of other equities analysts have also issued reports on HABT. BidaskClub lowered shares of Habit Restaurants from a hold rating to a sell rating in a research report on Tuesday, July 9th. Wedbush reduced their target price on shares of Habit Restaurants from $20.00 to $15.00 and set an outperform rating on the stock in a research report on Thursday, August 1st. They noted that the move was a valuation call. ValuEngine lowered shares of Habit Restaurants from a buy rating to a hold rating in a research report on Wednesday, May 29th. Finally, Zacks Investment Research raised shares of Habit Restaurants from a hold rating to a buy rating and set a $11.00 price target for the company in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Habit Restaurants currently has an average rating of Hold and an average target price of $15.33.

Shares of HABT stock opened at $9.66 on Friday. Habit Restaurants has a 1 year low of $9.30 and a 1 year high of $18.30. The business’s 50 day moving average is $10.03. The firm has a market capitalization of $260.05 million, a price-to-earnings ratio of 62.25, a price-to-earnings-growth ratio of 3.78 and a beta of 1.01. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.64 and a quick ratio of 0.61.

Habit Restaurants (NASDAQ:HABT) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Habit Restaurants had a net margin of 0.43% and a return on equity of 2.42%. The company had revenue of $117.90 million for the quarter, compared to analyst estimates of $116.82 million. During the same period in the prior year, the business earned $0.08 earnings per share. Habit Restaurants’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts anticipate that Habit Restaurants will post 0.13 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Habit Restaurants by 512.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock worth $46,000 after buying an additional 3,547 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Habit Restaurants by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock worth $75,000 after buying an additional 5,590 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Habit Restaurants during the fourth quarter worth approximately $100,000. Stephens Inc. AR bought a new stake in shares of Habit Restaurants during the first quarter worth approximately $130,000. Finally, Stifel Financial Corp bought a new stake in shares of Habit Restaurants during the fourth quarter worth approximately $132,000. 63.55% of the stock is owned by institutional investors and hedge funds.

About Habit Restaurants

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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