Habit Restaurants Inc (NASDAQ:HABT) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. cut its stake in shares of Habit Restaurants Inc (NASDAQ:HABT) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,134,584 shares of the restaurant operator’s stock after selling 85,731 shares during the quarter. Polar Asset Management Partners Inc. owned about 4.35% of Habit Restaurants worth $11,902,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Marshall Wace North America L.P. grew its stake in shares of Habit Restaurants by 38.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 109,390 shares of the restaurant operator’s stock worth $1,148,000 after purchasing an additional 30,507 shares during the period. Vanguard Group Inc. grew its stake in shares of Habit Restaurants by 12.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,118,609 shares of the restaurant operator’s stock worth $11,734,000 after purchasing an additional 127,514 shares during the period. BlackRock Inc. grew its stake in shares of Habit Restaurants by 7.3% during the 2nd quarter. BlackRock Inc. now owns 1,503,315 shares of the restaurant operator’s stock worth $15,769,000 after purchasing an additional 102,327 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Habit Restaurants by 34.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,019 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 6,904 shares during the period. Finally, Bogle Investment Management L P DE acquired a new position in shares of Habit Restaurants during the 2nd quarter worth $753,000. 65.52% of the stock is currently owned by institutional investors and hedge funds.

HABT has been the topic of a number of recent analyst reports. ValuEngine cut shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. BidaskClub cut shares of Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 10th. Wedbush lowered their price objective on shares of Habit Restaurants from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. They noted that the move was a valuation call. Maxim Group reissued a “buy” rating and issued a $17.00 price objective on shares of Habit Restaurants in a research note on Friday, August 2nd. Finally, Zacks Investment Research cut shares of Habit Restaurants from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.33.

NASDAQ HABT traded up $0.02 during trading hours on Wednesday, reaching $9.13. The company’s stock had a trading volume of 6,353 shares, compared to its average volume of 227,454. The stock has a market cap of $237.86 million, a PE ratio of 53.59, a PEG ratio of 4.68 and a beta of 1.04. Habit Restaurants Inc has a fifty-two week low of $8.43 and a fifty-two week high of $16.55. The company’s 50-day moving average is $9.17 and its two-hundred day moving average is $10.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.64.

Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Habit Restaurants had a net margin of 0.43% and a return on equity of 2.42%. The company had revenue of $117.90 million for the quarter, compared to analysts’ expectations of $116.82 million. During the same period last year, the company earned $0.08 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts expect that Habit Restaurants Inc will post 0.1 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Habit Restaurants (NASDAQ:HABT)

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