The Habit Restaurants’ (HABT) “Market Perform” Rating Reiterated at Raymond James Financial, Inc.
Raymond James Financial, Inc. restated their market perform rating on shares of The Habit Restaurants, Inc. (NASDAQ:HABT) in a report released on Thursday, Marketbeat.com reports.
Other equities analysts also recently issued research reports about the company. Wedbush reiterated a buy rating and issued a $25.00 price objective on shares of The Habit Restaurants in a report on Sunday, July 30th. Robert W. Baird reiterated a buy rating on shares of The Habit Restaurants in a report on Friday, September 8th. Piper Jaffray Companies reiterated a buy rating on shares of The Habit Restaurants in a report on Friday, July 14th. Zacks Investment Research upgraded The Habit Restaurants from a sell rating to a hold rating in a report on Wednesday, September 20th. Finally, Cowen and Company restated a hold rating and set a $16.00 price target on shares of The Habit Restaurants in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $16.36.
The Habit Restaurants (NASDAQ HABT) traded down $0.10 on Thursday, reaching $9.20. The company’s stock had a trading volume of 708,643 shares, compared to its average volume of 607,021. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.07. The firm has a market cap of $239.41, a P/E ratio of 40.00, a P/E/G ratio of 2.11 and a beta of 1.05.
The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $84.60 million during the quarter, compared to the consensus estimate of $85.77 million. The Habit Restaurants had a return on equity of 4.11% and a net margin of 1.46%. The Habit Restaurants’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. sell-side analysts anticipate that The Habit Restaurants will post 0.18 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of HABT. Teton Advisors Inc. bought a new position in shares of The Habit Restaurants during the third quarter valued at $142,000. American International Group Inc. increased its holdings in shares of The Habit Restaurants by 7.2% during the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 558 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of The Habit Restaurants during the second quarter valued at $168,000. Nationwide Fund Advisors increased its holdings in shares of The Habit Restaurants by 52.6% during the second quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 3,949 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of The Habit Restaurants during the second quarter valued at $256,000. Hedge funds and other institutional investors own 73.83% of the company’s stock.
The 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 sides, shakes and malts.
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