Wasatch Advisors Inc. increased its position in shares of Habit Restaurants Inc (NASDAQ:HABT) by 84.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 327,341 shares of the restaurant operator’s stock after purchasing an additional 149,500 shares during the quarter. Wasatch Advisors Inc.’s holdings in Habit Restaurants were worth $3,542,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of HABT. BNP Paribas Arbitrage SA grew its position in shares of Habit Restaurants by 512.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 3,547 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in Habit Restaurants by 356.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 5,590 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Habit Restaurants in the fourth quarter valued at $100,000. Stephens Inc. AR acquired a new position in Habit Restaurants in the first quarter valued at $130,000. Finally, Stifel Financial Corp acquired a new position in Habit Restaurants in the fourth quarter valued at $132,000. 63.77% of the stock is owned by hedge funds and other institutional investors.
HABT has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Habit Restaurants in a research note on Thursday, May 2nd. ValuEngine upgraded Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Maxim Group restated a “buy” rating and set a $17.00 price objective (down previously from $19.00) on shares of Habit Restaurants in a research note on Monday, February 25th. BidaskClub cut Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Finally, Zacks Investment Research upgraded Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Habit Restaurants presently has an average rating of “Buy” and an average price target of $16.67.
Habit Restaurants stock traded down $0.13 during midday trading on Friday, hitting $10.94. The stock had a trading volume of 179,100 shares, compared to its average volume of 290,215. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.03. The firm has a market cap of $302.88 million, a P/E ratio of 64.35, a P/E/G ratio of 4.87 and a beta of 1.09. Habit Restaurants Inc has a 12 month low of $8.65 and a 12 month high of $18.30.
Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Thursday, February 28th. The restaurant operator reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $102.71 million during the quarter, compared to analyst estimates of $99.87 million. Habit Restaurants had a return on equity of 2.72% and a net margin of 0.47%. As a group, equities research analysts anticipate that Habit Restaurants Inc will post 0.12 earnings per share for the current year.
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About Habit Restaurants
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.
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