Keybank National Association OH increased its holdings in The Habit Restaurants, Inc. (NASDAQ:HABT) by 28.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 27,255 shares of the restaurant operator’s stock after buying an additional 6,029 shares during the quarter. Keybank National Association OH owned about 0.14% of The Habit Restaurants worth $431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. boosted its position in The Habit Restaurants by 7.2% in the first 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 last quarter. Bank of New York Mellon Corp boosted its position in The Habit Restaurants by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock worth $1,003,000 after purchasing an additional 2,280 shares during the last quarter. Geode Capital Management LLC boosted its position in The Habit Restaurants by 3.5% in the first quarter. Geode Capital Management LLC now owns 140,205 shares of the restaurant operator’s stock worth $2,481,000 after purchasing an additional 4,731 shares during the last quarter. Wrapmanager Inc. boosted its position in The Habit Restaurants by 36.4% in the second quarter. Wrapmanager Inc. now owns 19,977 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 5,331 shares during the last quarter. Finally, OLD National Bancorp IN boosted its position in The Habit Restaurants by 29.2% in the second quarter. OLD National Bancorp IN now owns 25,721 shares of the restaurant operator’s stock worth $406,000 after purchasing an additional 5,809 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

The Habit Restaurants, Inc. (HABT) opened at 13.30 on Wednesday. The Habit Restaurants, Inc. has a 12 month low of $12.60 and a 12 month high of $19.75. The firm has a 50-day moving average price of $14.11 and a 200 day moving average price of $16.33. The stock has a market capitalization of $270.42 million, a PE ratio of 51.55 and a beta of 1.07.

The Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.15 million. The Habit Restaurants had a return on equity of 4.97% and a net margin of 1.64%. The company’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Equities analysts anticipate that The Habit Restaurants, Inc. will post $0.23 earnings per share for the current year.

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Several research analysts have issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $16.00 target price on shares of The Habit Restaurants in a research report on Tuesday. BidaskClub raised The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Piper Jaffray Companies reissued a “buy” rating on shares of The Habit Restaurants in a research report on Friday, July 14th. Wedbush reissued a “buy” rating and issued a $25.00 target price on shares of The Habit Restaurants in a research report on Sunday, July 30th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a $22.00 target price on shares of The Habit Restaurants in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The Habit Restaurants has a consensus rating of “Hold” and a consensus target price of $19.92.

The Habit Restaurants 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 sides, shakes and malts.

Institutional Ownership by Quarter for The Habit Restaurants (NASDAQ:HABT)

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