Brown Advisory Inc. reduced its stake in shares of Habit Restaurants Inc (NASDAQ:HABT) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,090,832 shares of the restaurant operator’s stock after selling 5,715 shares during the quarter. Brown Advisory Inc. owned 4.19% of Habit Restaurants worth $11,454,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Habit Restaurants during the 3rd quarter worth $187,000. Stifel Financial Corp acquired a new stake in Habit Restaurants in the fourth quarter valued at about $132,000. MetLife Investment Advisors LLC acquired a new stake in Habit Restaurants in the third quarter valued at about $249,000. Algert Global LLC acquired a new stake in Habit Restaurants in the fourth quarter valued at about $279,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Habit Restaurants in the third quarter valued at about $430,000. 65.47% of the stock is currently owned by institutional investors.
HABT has been the topic of several research analyst reports. ValuEngine raised Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. BidaskClub lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Maxim Group reaffirmed a “buy” rating and issued a $17.00 price objective (down from $19.00) on shares of Habit Restaurants in a research note on Monday, February 25th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Habit Restaurants in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Habit Restaurants currently has a consensus rating of “Hold” and an average target price of $16.67.
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Habit Restaurants 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.
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