Shares of Habit Restaurants Inc (NASDAQ:HABT) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.83.
Several equities research analysts have recently commented on HABT shares. Zacks Investment Research downgraded Habit Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Guggenheim upped their target price on Habit Restaurants from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Maxim Group downgraded Habit Restaurants from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. BidaskClub downgraded Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Wedbush reaffirmed a “buy” rating and set a $17.00 target price on shares of Habit Restaurants in a report on Thursday, August 2nd.
Shares of NASDAQ HABT traded up $0.01 during mid-day trading on Friday, hitting $14.91. 194,372 shares of the company traded hands, compared to its average volume of 241,986. Habit Restaurants has a 1 year low of $8.10 and a 1 year high of $18.30. The company has a market cap of $388.38 million, a price-to-earnings ratio of 149.10, a P/E/G ratio of 13.98 and a beta of 0.92. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.
Habit Restaurants (NASDAQ:HABT) last announced its earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Habit Restaurants had a positive return on equity of 1.68% and a negative net margin of 0.84%. The business had revenue of $102.85 million during the quarter, compared to the consensus estimate of $99.68 million. During the same period in the prior year, the business posted $0.06 earnings per share. Habit Restaurants’s revenue was up 23.4% compared to the same quarter last year. As a group, sell-side analysts expect that Habit Restaurants will post 0.05 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its stake in Habit Restaurants by 151.1% in the 1st quarter. Jane Street Group LLC now owns 28,369 shares of the restaurant operator’s stock worth $250,000 after acquiring an additional 17,070 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Habit Restaurants by 18.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,493 shares of the restaurant operator’s stock worth $1,025,000 after acquiring an additional 15,801 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Habit Restaurants by 27.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 618,504 shares of the restaurant operator’s stock worth $5,443,000 after acquiring an additional 133,643 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in Habit Restaurants in the 2nd quarter worth about $1,250,000. Finally, Penn Capital Management Co. Inc. lifted its stake in Habit Restaurants by 17.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 415,299 shares of the restaurant operator’s stock worth $4,153,000 after acquiring an additional 63,148 shares in the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.
Habit Restaurants Company Profile
The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.
Read More: Average Daily Trade Volume Explained
Receive News & Ratings for Habit Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Habit Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.