Habit Restaurants (HABT) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Habit Restaurants (NASDAQ:HABT) from a sell rating to a hold rating in a report published on Thursday morning.

Several other equities research analysts also recently weighed in on HABT. Zacks Investment Research raised Habit Restaurants from a hold rating to a buy rating and set a $14.00 price target for the company in a report on Thursday, November 1st. ValuEngine raised Habit Restaurants from a hold rating to a buy rating in a report on Tuesday. Wedbush reissued a buy rating and issued a $20.00 price target on shares of Habit Restaurants in a report on Thursday, September 13th. Maxim Group raised Habit Restaurants from a hold rating to a buy rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies raised their price target on Habit Restaurants to $16.00 in a report on Friday, October 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Habit Restaurants presently has a consensus rating of Buy and a consensus price target of $15.00.

NASDAQ HABT traded up $0.13 during trading on Thursday, hitting $11.45. The company’s stock had a trading volume of 291,100 shares, compared to its average volume of 246,163. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.99. The company has a market cap of $296.95 million, a PE ratio of 71.56, a P/E/G ratio of 5.90 and a beta of 1.20. Habit Restaurants has a fifty-two week low of $8.10 and a fifty-two week high of $18.30.



Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share for the quarter. The business had revenue of $104.64 million during the quarter, compared to the consensus estimate of $101.43 million. Habit Restaurants had a positive return on equity of 2.54% and a negative net margin of 1.06%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. On average, sell-side analysts predict that Habit Restaurants will post 0.13 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Habit Restaurants by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 83,760 shares of the restaurant operator’s stock worth $1,336,000 after purchasing an additional 5,394 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Habit Restaurants by 15.0% during the third quarter. Teachers Advisors LLC now owns 41,854 shares of the restaurant operator’s stock worth $668,000 after purchasing an additional 5,445 shares during the period. Jane Street Group LLC acquired a new stake in shares of Habit Restaurants during the third quarter worth about $187,000. MetLife Investment Advisors LLC acquired a new stake in shares of Habit Restaurants during the third quarter worth about $249,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Habit Restaurants by 18.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 102,493 shares of the restaurant operator’s stock worth $1,025,000 after purchasing an additional 15,801 shares during the period. 62.94% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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