Analysts Set Habit Restaurants Inc. (HABT) PT at $28.00
Shares of Habit Restaurants Inc. (NASDAQ:HABT) have received a consensus recommendation of “Buy” from the ten brokerages that are covering the firm. Two investment analysts have rated the stock with a sell rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.00.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Wedbush cut their price target on Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Finally, Robert W. Baird restated an “outperform” rating on shares of Habit Restaurants in a research note on Thursday, September 8th.
Habit Restaurants (NASDAQ:HABT) opened at 14.85 on Thursday. The stock has a market capitalization of $284.73 million, a P/E ratio of 62.66 and a beta of 1.01. The company’s 50-day moving average price is $14.02 and its 200 day moving average price is $15.67. Habit Restaurants has a 52 week low of $13.20 and a 52 week high of $24.75.
Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company earned $71.90 million during the quarter, compared to analyst estimates of $72.06 million. Habit Restaurants had a net margin of 1.42% and a return on equity of 5.39%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. Equities research analysts expect that Habit Restaurants will post $0.28 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC raised its position 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 during the last quarter. Nationwide Fund Advisors raised its position 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 during the last quarter. Stifel Financial Corp purchased a new position in shares of Habit Restaurants during the second quarter valued at about $172,000. Quantbot Technologies LP purchased a new position in shares of Habit Restaurants during the second quarter valued at about $182,000. Finally, FMR LLC purchased a new position in shares of Habit Restaurants during the second quarter valued at about $200,000. 85.82% of the stock is currently 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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