Robert W. Baird Reaffirms “Buy” Rating for The Habit Restaurants, Inc. (HABT)
The Habit Restaurants, Inc. (NASDAQ:HABT)‘s stock had its “buy” rating reissued by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday.
A number of other equities research analysts also recently commented on the stock. Cowen and Company downgraded shares of The Habit Restaurants from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $22.00 to $16.00 in a research report on Thursday, August 3rd. BidaskClub downgraded shares of The Habit Restaurants from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Wedbush reissued a “buy” rating and issued a $25.00 price objective on shares of The Habit Restaurants in a research report on Sunday, July 30th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $22.00 price objective on shares of The Habit Restaurants in a research report on Monday, July 24th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of The Habit Restaurants in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The Habit Restaurants currently has an average rating of “Hold” and a consensus target price of $19.92.
The Habit Restaurants (NASDAQ HABT) opened at 12.85 on Friday. The Habit Restaurants has a 1-year low of $12.60 and a 1-year high of $19.75. The company has a market capitalization of $261.27 million, a P/E ratio of 49.81 and a beta of 1.07. The stock’s 50 day moving average is $14.36 and its 200-day moving average is $16.34.
The Habit Restaurants (NASDAQ:HABT) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The firm had revenue of $83.30 million for the quarter, compared to the consensus estimate of $84.15 million. During the same period in the prior year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect that The Habit Restaurants will post $0.23 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the stock. American International Group Inc. boosted its stake in The Habit Restaurants by 7.2% during the 1st quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 558 shares during the period. OxFORD Asset Management LLP acquired a new stake in The Habit Restaurants during the 2nd quarter worth $168,000. Nationwide Fund Advisors boosted its stake in The Habit Restaurants by 52.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 3,949 shares during the period. Bfsg LLC acquired a new stake in The Habit Restaurants during the 1st quarter worth $190,000. Finally, Stevens Capital Management LP acquired a new stake in The Habit Restaurants during the 2nd quarter worth $256,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.
About The 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 sides, shakes and malts.
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