Robert W. Baird reaffirmed their buy rating on shares of The Habit Restaurants, Inc. (NASDAQ:HABT) in a research report report published on Monday morning. Robert W. Baird currently has a $20.00 price target on the restaurant operator’s stock.

Several other equities analysts have also issued reports on the company. Wedbush lowered The Habit Restaurants from an outperform rating to a neutral rating and decreased their target price for the stock from $19.00 to $14.00 in a research report on Tuesday, September 26th. Zacks Investment Research upgraded The Habit Restaurants from a sell rating to a hold rating in a research report on Wednesday, September 20th. Cowen and Company restated a hold rating and set a $16.00 target price on shares of The Habit Restaurants in a research report on Tuesday, September 12th. BidaskClub lowered The Habit Restaurants from a sell rating to a strong sell rating in a research report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. restated an outperform rating and set a $22.00 target price on shares of The Habit Restaurants in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $17.93.

The Habit Restaurants (NASDAQ:HABT) opened at 12.95 on Monday. The firm has a market capitalization of $263.30 million, a PE ratio of 50.19 and a beta of 1.08. The firm has a 50 day moving average of $13.01 and a 200 day moving average of $15.99. The Habit Restaurants has a one year low of $12.00 and a one year high of $19.75.

The Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $83.30 million during 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 for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. Equities analysts forecast that The Habit Restaurants will post $0.23 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in shares of The Habit Restaurants by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock valued at $47,521,000 after purchasing an additional 136,789 shares during the period. Morgan Stanley grew its position in shares of The Habit Restaurants by 76.2% in the 1st quarter. Morgan Stanley now owns 1,657,220 shares of the restaurant operator’s stock valued at $29,333,000 after purchasing an additional 716,800 shares during the period. Vanguard Group Inc. grew its position in shares of The Habit Restaurants by 11.9% in the 1st quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock valued at $25,072,000 after purchasing an additional 150,622 shares during the period. Capital World Investors grew its position in shares of The Habit Restaurants by 512.9% in the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after purchasing an additional 850,370 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of The Habit Restaurants by 10.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock valued at $16,001,000 after purchasing an additional 94,300 shares during the period. Institutional investors and hedge funds own 73.82% 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.

Analyst Recommendations for The Habit Restaurants (NASDAQ:HABT)

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