Habit Restaurants Inc (NASDAQ:HABT) was the target of unusually large options trading activity on Wednesday. Stock traders bought 772 put options on the company. This is an increase of approximately 1,254% compared to the typical volume of 57 put options.

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. Elk Creek Partners LLC boosted its stake in shares of Habit Restaurants by 7.3% in the 3rd quarter. Elk Creek Partners LLC now owns 676,336 shares of the restaurant operator’s stock valued at $8,826,000 after purchasing an additional 45,808 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Habit Restaurants by 170.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 255,584 shares of the restaurant operator’s stock valued at $4,038,000 after purchasing an additional 161,107 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Habit Restaurants by 65.1% in the 2nd quarter. Teachers Advisors LLC now owns 36,551 shares of the restaurant operator’s stock valued at $578,000 after purchasing an additional 14,413 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Habit Restaurants by 36.8% in the 2nd quarter. State Street Corp now owns 290,637 shares of the restaurant operator’s stock valued at $4,590,000 after purchasing an additional 78,113 shares in the last quarter. 76.32% of the stock is owned by institutional investors.

Shares of Habit Restaurants (HABT) opened at $8.80 on Friday. Habit Restaurants has a 12 month low of $8.50 and a 12 month high of $19.75. The stock has a market cap of $229.02, a price-to-earnings ratio of 38.26, a PEG ratio of 3.59 and a beta of 0.88. The company has a quick ratio of 1.39, a current ratio of 1.43 and a debt-to-equity ratio of 0.08.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The business had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $85.77 million. During the same period last year, the company posted $0.05 EPS. Habit Restaurants’s revenue for the quarter was up 17.7% on a year-over-year basis. analysts forecast that Habit Restaurants will post 0.14 earnings per share for the current fiscal year.

A number of research firms have commented on HABT. TheStreet raised shares of Habit Restaurants from a “d” rating to a “c-” rating in a research note on Monday, November 20th. Wedbush cut shares of Habit Restaurants from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $14.00 in a research note on Tuesday, September 26th. Stephens cut their price target on shares of Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Maxim Group assumed coverage on shares of Habit Restaurants in a research note on Wednesday, December 13th. They issued a “buy” rating and a $13.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.94.

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About 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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