Rice Hall James & Associates LLC lowered its stake in The Habit Restaurants, Inc. (NASDAQ:HABT) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,946 shares of the restaurant operator’s stock after selling 7,085 shares during the period. Rice Hall James & Associates LLC’s holdings in The Habit Restaurants were worth $1,706,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Morgan Stanley increased its position in shares of The Habit Restaurants by 76.2% in the first quarter. Morgan Stanley now owns 1,657,220 shares of the restaurant operator’s stock valued at $29,333,000 after buying an additional 716,800 shares in the last quarter. Pier Capital LLC acquired a new position in shares of The Habit Restaurants during the first quarter valued at about $5,174,000. Thrivent Financial For Lutherans acquired a new position in shares of The Habit Restaurants during the first quarter valued at about $4,236,000. Elk Creek Partners LLC increased its position in shares of The Habit Restaurants by 35.9% in the first quarter. Elk Creek Partners LLC now owns 693,922 shares of the restaurant operator’s stock valued at $12,282,000 after buying an additional 183,396 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of The Habit Restaurants by 11.9% in the first quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock valued at $25,072,000 after buying an additional 150,622 shares in the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

Shares of The Habit Restaurants, Inc. (NASDAQ HABT) opened at 13.80 on Wednesday. The firm has a market capitalization of $280.58 million, a P/E ratio of 53.49 and a beta of 1.04. The firm has a 50-day moving average price of $15.83 and a 200-day moving average price of $16.50. The Habit Restaurants, Inc. has a 52-week low of $13.00 and a 52-week high of $19.75.

The Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The firm had revenue of $83.30 million for the quarter, compared to analysts’ expectations of $84.15 million. During the same period last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that The Habit Restaurants, Inc. will post $0.23 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Rice Hall James & Associates LLC Has $1.71 Million Stake in The Habit Restaurants, Inc. (HABT)” was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/rice-hall-james-associates-llc-has-1-71-million-stake-in-the-habit-restaurants-inc-habt/1493842.html.

HABT has been the subject of several analyst reports. Zacks Investment Research upgraded The Habit Restaurants from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, May 16th. Cowen and Company boosted their price objective on The Habit Restaurants from $17.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research report on Friday, July 14th. BidaskClub downgraded The Habit Restaurants from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Wedbush reiterated a “buy” rating and set a $25.00 price objective on shares of The Habit Restaurants in a research report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The Habit Restaurants currently has a consensus rating of “Hold” and a consensus target price of $19.92.

The 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.

Want to see what other hedge funds are holding HABT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Habit Restaurants, Inc. (NASDAQ:HABT).

Institutional Ownership by Quarter for The Habit Restaurants (NASDAQ:HABT)

Receive News & Ratings for The Habit Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Habit Restaurants Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.