Habit Restaurants (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $18.00 price target on the restaurant operator’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.21% from the company’s current price.

According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “

A number of other equities analysts have also weighed in on HABT. BidaskClub raised Habit Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 8th. ValuEngine raised Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Wedbush raised Habit Restaurants from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $10.00 to $15.00 in a research note on Monday, July 30th. TheStreet raised Habit Restaurants from a “d” rating to a “c-” rating in a research note on Monday, July 30th. Finally, Maxim Group upped their price objective on Habit Restaurants from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Habit Restaurants presently has an average rating of “Hold” and an average target price of $14.86.

NASDAQ:HABT opened at $15.90 on Wednesday. Habit Restaurants has a 52-week low of $8.10 and a 52-week high of $18.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.93. The stock has a market cap of $406.35 million, a price-to-earnings ratio of 99.38, a P/E/G ratio of 14.63 and a beta of 0.91.

Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.05. Habit Restaurants had a positive return on equity of 1.68% and a negative net margin of 0.84%. The business had revenue of $102.85 million during the quarter, compared to analyst estimates of $99.68 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Habit Restaurants’s revenue for the quarter was up 23.4% on a year-over-year basis. equities research analysts predict that Habit Restaurants will post 0.05 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HABT. JPMorgan Chase & Co. boosted its stake in shares of Habit Restaurants by 273.1% in the first quarter. JPMorgan Chase & Co. now owns 189,677 shares of the restaurant operator’s stock worth $1,670,000 after acquiring an additional 138,842 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Habit Restaurants by 27.6% in the first quarter. Dimensional Fund Advisors LP now owns 618,504 shares of the restaurant operator’s stock worth $5,443,000 after buying an additional 133,643 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Habit Restaurants in the first quarter worth about $796,000. Elk Creek Partners LLC lifted its position in shares of Habit Restaurants by 16.5% in the first quarter. Elk Creek Partners LLC now owns 781,581 shares of the restaurant operator’s stock worth $6,878,000 after buying an additional 110,699 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Habit Restaurants by 142.0% in the first quarter. UBS Group AG now owns 156,540 shares of the restaurant operator’s stock worth $1,377,000 after buying an additional 91,859 shares in the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.

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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