BidaskClub Lowers Habit Restaurants (NASDAQ:HABT) to Sell

BidaskClub downgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a sell rating in a report issued on Tuesday morning, BidAskClub reports.

Several other analysts have also weighed in on the stock. ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a research note on Wednesday, May 29th. Maxim Group restated a buy rating and set a $315.00 price target (up previously from $305.00) on shares of Domino’s Pizza in a research note on Wednesday, April 24th. Wedbush restated a buy rating on shares of Liquidia Technologies in a research note on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $16.17.

NASDAQ:HABT opened at $9.96 on Tuesday. The company has a fifty day moving average of $10.26. The company has a market cap of $261.35 million, a price-to-earnings ratio of 58.59, a P/E/G ratio of 3.71 and a beta of 1.01. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.03. Habit Restaurants has a twelve month low of $9.60 and a twelve month high of $18.30.



Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $108.20 million during the quarter, compared to analyst estimates of $105.51 million. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%. Habit Restaurants’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS. Equities research analysts anticipate that Habit Restaurants will post 0.14 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of HABT. BNP Paribas Arbitrage SA boosted its position in Habit Restaurants by 512.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,547 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Habit Restaurants by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 5,590 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Habit Restaurants during the fourth quarter worth approximately $100,000. Stephens Inc. AR purchased a new position in shares of Habit Restaurants in the first quarter valued at approximately $130,000. Finally, Stifel Financial Corp purchased a new position in shares of Habit Restaurants in the fourth quarter valued at approximately $132,000. Institutional investors own 63.64% of the company’s stock.

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.

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