Habit Restaurants (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

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. “

Several other equities research analysts have also weighed in on HABT. ValuEngine lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Sunday. TheStreet upgraded Habit Restaurants from a “d” rating to a “c-” rating in a research note on Monday, November 20th. Wedbush lowered Habit Restaurants from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $14.00 in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating on shares of Habit Restaurants in a research note on Friday, September 8th. Finally, Stephens lowered their price objective on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.94.

Shares of Habit Restaurants (NASDAQ:HABT) traded up $0.10 on Thursday, reaching $9.70. The company had a trading volume of 370,995 shares, compared to its average volume of 418,088. Habit Restaurants has a 1 year low of $8.85 and a 1 year high of $19.75. The company has a quick ratio of 1.39, a current ratio of 1.43 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $252.44, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 4.02 and a beta of 0.88.

Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The company had revenue of $84.60 million during the quarter, compared to the consensus estimate of $85.77 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. equities research analysts expect that Habit Restaurants will post 0.14 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Habit Restaurants by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock worth $47,521,000 after acquiring an additional 136,789 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Habit Restaurants by 926.7% in the 3rd quarter. Brown Advisory Inc. now owns 1,596,295 shares of the restaurant operator’s stock worth $20,832,000 after acquiring an additional 1,440,821 shares in the last quarter. Capital World Investors boosted its holdings in shares of Habit Restaurants by 512.9% in the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock worth $16,055,000 after acquiring an additional 850,370 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Habit Restaurants by 10.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock worth $16,001,000 after acquiring an additional 94,300 shares in the last quarter. Finally, GMT Capital Corp acquired a new position in shares of Habit Restaurants in the 3rd quarter worth approximately $9,023,000. 76.32% of the stock is currently owned by institutional investors and hedge funds.

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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 sides, shakes and malts.

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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