The Habit Restaurants, Inc. (HABT) Rating Reiterated by Robert W. Baird
The Habit Restaurants, Inc. (NASDAQ:HABT)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a note issued to investors on Monday. They presently have a $20.00 price target on the restaurant operator’s stock. Robert W. Baird’s target price would suggest a potential upside of 48.15% from the stock’s current price.
Several other analysts have also recently issued reports on HABT. Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research note on Friday, July 14th. Zacks Investment Research cut The Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Wedbush reiterated a “buy” rating and issued a $25.00 price objective on shares of The Habit Restaurants in a research note on Sunday, July 30th. Cowen and Company reiterated a “hold” rating and issued a $16.00 price objective on shares of The Habit Restaurants in a research note on Tuesday, September 12th. Finally, BidaskClub cut The Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.92.
The Habit Restaurants (HABT) opened at 13.50 on Monday. The stock has a market capitalization of $274.48 million, a P/E ratio of 52.33 and a beta of 1.08. The Habit Restaurants has a 12-month low of $12.00 and a 12-month high of $19.75. The firm’s 50-day moving average price is $13.04 and its 200 day moving average price is $16.07.
The Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The Habit Restaurants had a return on equity of 4.97% and a net margin of 1.64%. The company had revenue of $83.30 million for the quarter, compared to analysts’ expectations of $84.15 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. On average, equities analysts anticipate that The Habit Restaurants will post $0.23 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its holdings in The Habit Restaurants by 47.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 63,182 shares of the restaurant operator’s stock valued at $1,119,000 after buying an additional 20,270 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in The Habit Restaurants in the first quarter valued at $4,236,000. Dimensional Fund Advisors LP increased its holdings in The Habit Restaurants by 207.8% in the first quarter. Dimensional Fund Advisors LP now owns 94,477 shares of the restaurant operator’s stock valued at $1,672,000 after buying an additional 63,785 shares during the last quarter. OLD National Bancorp IN increased its holdings in The Habit Restaurants by 29.2% in the second quarter. OLD National Bancorp IN now owns 25,721 shares of the restaurant operator’s stock valued at $406,000 after buying an additional 5,809 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in The Habit Restaurants by 4.8% in the second quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock valued at $47,521,000 after buying an additional 136,789 shares during the last quarter. Institutional investors and hedge funds own 73.82% of the company’s stock.
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.
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