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.
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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