Habit Restaurants Inc. (HABT) Rating Increased to Hold at Zacks Investment Research
Habit Restaurants Inc. (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “
A number of other equities analysts have also issued reports on HABT. Robert W. Baird reaffirmed an “outperform” rating on shares of Habit Restaurants in a research report on Thursday, September 8th. Wedbush cut their target price on Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.00.
Habit Restaurants (NASDAQ:HABT) opened at 14.00 on Thursday. The stock has a market capitalization of $251.61 million, a price-to-earnings ratio of 51.28 and a beta of 1.06. The company has a 50-day moving average of $14.83 and a 200-day moving average of $16.57. Habit Restaurants has a 52-week low of $13.68 and a 52-week high of $28.07.
Habit Restaurants (NASDAQ:HABT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. Habit Restaurants had a net margin of 1.55% and a return on equity of 5.72%. The business earned $71.10 million during the quarter, compared to analyst estimates of $71.09 million. During the same period in the previous year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts expect that Habit Restaurants will post $0.29 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its stake in shares of Habit Restaurants by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,958 shares of the company’s stock valued at $508,000 after buying an additional 462 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Habit Restaurants by 7.5% in the second quarter. Nationwide Fund Advisors now owns 8,248 shares of the company’s stock valued at $135,000 after buying an additional 578 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Habit Restaurants by 14.2% in the second quarter. BlackRock Advisors LLC now owns 7,098 shares of the company’s stock valued at $116,000 after buying an additional 884 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Habit Restaurants by 16.3% in the second quarter. Rhumbline Advisers now owns 12,418 shares of the company’s stock valued at $203,000 after buying an additional 1,740 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Habit Restaurants by 1.3% in the second quarter. State Street Corp now owns 176,249 shares of the company’s stock valued at $2,885,000 after buying an additional 2,294 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.
Habit Restaurants Company Profile
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 salads, sides, shakes and malts.
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