Brokerages Set Habit Restaurants Inc. (NASDAQ:HABT) PT at $28.00
Shares of Habit Restaurants Inc. (NASDAQ:HABT) have been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.00.
HABT has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. Wedbush lowered their price objective on shares of Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Habit Restaurants in a research report on Thursday, September 8th.
Habit Restaurants (NASDAQ:HABT) opened at 13.74 on Thursday. The stock’s 50 day moving average is $14.63 and its 200-day moving average is $16.38. Habit Restaurants has a 52 week low of $13.48 and a 52 week high of $28.07. The stock has a market capitalization of $246.94 million, a PE ratio of 50.33 and a beta of 1.07.
Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 had revenue of $71.10 million for the quarter, compared to the consensus estimate of $71.09 million. During the same period in the prior year, the company earned $0.09 EPS. Habit Restaurants’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts forecast that Habit Restaurants will post $0.29 EPS for the current year.
Several hedge funds have recently modified their holdings of HABT. 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 worth $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 worth $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 worth $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 worth $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 worth $2,885,000 after buying an additional 2,294 shares in the last quarter. 85.77% of the stock is owned by institutional investors.
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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