The Habit Restaurants, Inc. (HABT) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) have received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.63.
A number of research firms have commented on HABT. Cowen and Company cut The Habit Restaurants from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $22.00 to $16.00 in a report on Thursday, August 3rd. Raymond James Financial, Inc. reissued an “outperform” rating and set a $22.00 price target on shares of The Habit Restaurants in a report on Monday, July 24th. BidaskClub raised The Habit Restaurants from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Wedbush reissued a “buy” rating and set a $25.00 price target on shares of The Habit Restaurants in a report on Sunday, July 30th. Finally, Zacks Investment Research cut The Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.
The Habit Restaurants (NASDAQ:HABT) traded down 1.607% during mid-day trading on Tuesday, hitting $13.775. The company had a trading volume of 41,318 shares. The firm’s 50 day moving average is $15.90 and its 200 day moving average is $16.51. The company has a market capitalization of $280.07 million, a price-to-earnings ratio of 53.391 and a beta of 1.04. The Habit Restaurants has a 52 week low of $13.00 and a 52 week high of $19.75.
The Habit Restaurants (NASDAQ:HABT) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate 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 last year, the firm earned $0.09 EPS. The Habit Restaurants’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities research analysts predict that The Habit Restaurants will post $0.23 EPS for the current year.
Several large investors have recently modified their holdings of the company. Capital World Investors boosted its stake in shares of The Habit Restaurants by 512.9% in the second quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after buying an additional 850,370 shares during the period. Morgan Stanley boosted its stake 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 during the period. Pier Capital LLC purchased a new stake in shares of The Habit Restaurants during the first quarter valued at about $5,174,000. Thrivent Financial For Lutherans purchased a new stake in shares of The Habit Restaurants during the first quarter valued at about $4,236,000. Finally, Elk Creek Partners LLC boosted its stake 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 during the period. 98.32% of the stock is currently owned by hedge funds and other institutional investors.
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About The Habit Restaurants
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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