Habit Restaurants (HABT) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other brokerages have also recently issued reports on HABT. Wedbush reiterated a buy rating and issued a $20.00 price target on shares of Habit Restaurants in a research note on Thursday, September 13th. BidaskClub lowered Habit Restaurants from a strong-buy rating to a buy rating in a research report on Tuesday, September 11th. Zacks Investment Research lowered Habit Restaurants from a buy rating to a hold rating in a research report on Thursday, September 27th. Piper Jaffray Companies boosted their target price on Habit Restaurants to $16.00 in a research report on Friday, October 5th. Finally, Guggenheim boosted their target price on Habit Restaurants from $15.00 to $17.00 and gave the stock a buy rating in a research report on Wednesday, October 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $15.00.

Shares of HABT stock opened at $11.45 on Tuesday. Habit Restaurants has a 12 month low of $8.10 and a 12 month high of $18.30. The firm has a market cap of $296.95 million, a PE ratio of 71.56, a price-to-earnings-growth ratio of 5.90 and a beta of 1.20. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HABT. Renaissance Technologies LLC increased its position in shares of Habit Restaurants by 39.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,244,900 shares of the restaurant operator’s stock valued at $19,856,000 after purchasing an additional 352,600 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Habit Restaurants by 38.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 856,697 shares of the restaurant operator’s stock worth $8,567,000 after acquiring an additional 238,193 shares in the last quarter. Jefferies Group LLC increased its holdings in Habit Restaurants by 646.9% in the 3rd quarter. Jefferies Group LLC now owns 274,938 shares of the restaurant operator’s stock worth $4,385,000 after acquiring an additional 238,129 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Habit Restaurants in the 3rd quarter worth approximately $2,828,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Habit Restaurants in the 3rd quarter worth approximately $2,569,000. 62.94% of the stock is owned by hedge funds and other institutional investors.

Habit Restaurants Company Profile

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.

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Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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