Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) have received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.13.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of The Habit Restaurants from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $22.00 price objective on shares of The Habit Restaurants in a report on Monday, July 24th. Wedbush restated a “buy” rating and issued a $25.00 price objective on shares of The Habit Restaurants in a report on Sunday. Zacks Investment Research lowered shares of The Habit Restaurants from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research note on Friday, July 14th.
Shares of The Habit Restaurants (NASDAQ HABT) traded up 0.30% during midday trading on Friday, hitting $16.50. 73,629 shares of the stock traded hands. The Habit Restaurants has a 12-month low of $13.20 and a 12-month high of $19.75. The stock has a market cap of $334.09 million, a price-to-earnings ratio of 61.11 and a beta of 1.03. The company’s 50 day moving average price is $16.42 and its 200-day moving average price is $16.56.
The Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, May 3rd. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $78.64 million for the quarter, compared to analyst estimates of $78.42 million. The Habit Restaurants had a net margin of 1.73% and a return on equity of 5.48%. On average, equities research analysts expect that The Habit Restaurants will post $0.29 EPS for the current year.
A number of hedge funds have recently modified their holdings of HABT. Morgan Stanley raised its stake in shares of The Habit Restaurants by 76.2% in the first quarter. Morgan Stanley now owns 1,657,220 shares of the restaurant operator’s stock worth $29,333,000 after buying an additional 716,800 shares during the period. Vanguard Group Inc. raised its stake in shares of The Habit Restaurants by 11.9% in the first quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock worth $25,072,000 after buying an additional 150,622 shares during the period. Renaissance Technologies LLC raised its stake in shares of The Habit Restaurants by 18.7% in the first quarter. Renaissance Technologies LLC now owns 918,400 shares of the restaurant operator’s stock worth $16,256,000 after buying an additional 144,400 shares during the period. Elk Creek Partners LLC raised its stake in shares of The Habit Restaurants by 35.9% in the first quarter. Elk Creek Partners LLC now owns 693,922 shares of the restaurant operator’s stock worth $12,282,000 after buying an additional 183,396 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in shares of The Habit Restaurants by 10.0% in the first quarter. Frontier Capital Management Co. LLC now owns 369,768 shares of the restaurant operator’s stock worth $6,545,000 after buying an additional 33,518 shares during the period. Institutional investors own 98.26% of the company’s stock.
About The Habit Restaurants
The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers sides, shakes and malts.
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