Habit Restaurants (HABT) Upgraded to Hold at BidaskClub

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 morning.

A number of other brokerages also recently issued reports on HABT. Piper Jaffray Companies raised their price target on Habit Restaurants to $16.00 in a research report on Friday, October 5th. Guggenheim raised their price target on Habit Restaurants from $15.00 to $17.00 and gave the stock a buy rating in a research report on Wednesday, October 3rd. ValuEngine downgraded Habit Restaurants from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Stephens raised their price target on Habit Restaurants from $14.00 to $16.00 and gave the stock an equal weight rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded Habit Restaurants from a buy rating to a hold rating in a research report on Thursday, September 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $15.00.

Shares of NASDAQ HABT traded up $0.13 during midday trading on Thursday, reaching $11.45. 291,100 shares of the stock traded hands, compared to its average volume of 246,163. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.99. The company has a market capitalization of $296.95 million, a P/E ratio of 71.56, a P/E/G ratio of 5.90 and a beta of 1.20. Habit Restaurants has a one year low of $8.10 and a one year high of $18.30.

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

Several large investors have recently added to or reduced their stakes in HABT. Schwab Charles Investment Management Inc. lifted its position in shares of Habit Restaurants by 18.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 102,493 shares of the restaurant operator’s stock worth $1,025,000 after purchasing an additional 15,801 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Habit Restaurants by 196.1% during the second quarter. GSA Capital Partners LLP now owns 45,300 shares of the restaurant operator’s stock valued at $453,000 after buying an additional 30,000 shares during the period. BlackRock Inc. increased its stake in shares of Habit Restaurants by 4.8% during the second quarter. BlackRock Inc. now owns 1,468,261 shares of the restaurant operator’s stock valued at $14,683,000 after buying an additional 66,729 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Habit Restaurants by 38.5% during the second quarter. Dimensional Fund Advisors LP now owns 856,697 shares of the restaurant operator’s stock valued at $8,567,000 after buying an additional 238,193 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Habit Restaurants by 10.4% during the second quarter. Renaissance Technologies LLC now owns 892,300 shares of the restaurant operator’s stock valued at $8,923,000 after buying an additional 83,900 shares during the period. Institutional investors and hedge funds own 62.94% of the company’s stock.

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.

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Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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