Zacks Investment Research upgraded shares of Habit Restaurants Inc. (NASDAQ:HABT) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

Several other research analysts also recently commented on HABT. Wedbush reduced their target price on Habit Restaurants from $25.00 to $21.00 and set an outperform rating for the company in a research note on Thursday, August 4th. Robert W. Baird reiterated an outperform rating on shares of Habit Restaurants in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $27.00.

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

Habit Restaurants (NASDAQ:HABT) opened at 13.50 on Tuesday. The firm’s 50-day moving average price is $14.25 and its 200 day moving average price is $16.11. Habit Restaurants has a 1-year low of $13.20 and a 1-year high of $28.07. The firm has a market capitalization of $242.62 million, a price-to-earnings ratio of 49.45 and a beta of 1.07.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The company had revenue of $71.10 million for the quarter, compared to analyst estimates of $71.09 million. Habit Restaurants had a return on equity of 5.72% and a net margin of 1.55%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. On average, analysts predict that Habit Restaurants will post $0.29 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its stake in 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 during the last quarter. Nationwide Fund Advisors increased its stake in 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 during the last quarter. Stifel Financial Corp bought a new stake in Habit Restaurants during the second quarter worth $172,000. Quantbot Technologies LP bought a new stake in Habit Restaurants during the second quarter worth $182,000. Finally, FMR LLC bought a new stake in Habit Restaurants during the second quarter worth $200,000. Hedge funds and other institutional investors own 85.79% of the company’s stock.

About Habit Restaurants

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.

5 Day Chart for NASDAQ:HABT

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