Habit Restaurants (HABT) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Habit Restaurants (NASDAQ:HABT) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Several other equities research analysts have also weighed in on HABT. Zacks Investment Research lowered shares of Habit Restaurants from a buy rating to a hold rating in a report on Thursday, August 23rd. Wedbush reaffirmed a buy rating and issued a $20.00 target price on shares of Habit Restaurants in a report on Thursday, September 13th. Guggenheim upped their target price on shares of Habit Restaurants from $15.00 to $17.00 and gave the stock a buy rating in a report on Wednesday, October 3rd. Piper Jaffray Companies upped their target price on shares of Habit Restaurants to $16.00 in a report on Friday, October 5th. Finally, Maxim Group raised shares of Habit Restaurants from a hold rating to a buy rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Wednesday, October 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $15.00.

HABT opened at $11.34 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.99. Habit Restaurants has a twelve month low of $8.10 and a twelve month high of $18.30. The stock has a market capitalization of $295.38 million, a PE ratio of 70.88, a PEG ratio of 4.50 and a beta of 1.13.

Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share for the quarter. Habit Restaurants had a negative net margin of 1.06% and a positive return on equity of 2.54%. The business had revenue of $104.64 million for the quarter, compared to analyst estimates of $101.43 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts expect that Habit Restaurants will post 0.13 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in Habit Restaurants by 5.2% during the 3rd quarter. Morgan Stanley now owns 2,486,821 shares of the restaurant operator’s stock worth $39,665,000 after acquiring an additional 122,496 shares during the last quarter. BlackRock Inc. grew its holdings in Habit Restaurants by 4.8% during the 2nd quarter. BlackRock Inc. now owns 1,468,261 shares of the restaurant operator’s stock worth $14,683,000 after acquiring an additional 66,729 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Habit Restaurants by 39.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,244,900 shares of the restaurant operator’s stock worth $19,856,000 after acquiring an additional 352,600 shares during the last quarter. Brown Advisory Inc. grew its holdings in Habit Restaurants by 4.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,096,547 shares of the restaurant operator’s stock worth $17,490,000 after acquiring an additional 44,374 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Habit Restaurants by 7.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 922,701 shares of the restaurant operator’s stock worth $14,717,000 after acquiring an additional 66,004 shares during the last quarter. 63.09% of the stock is currently 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.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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