OLD National Bancorp IN boosted its stake in shares of Habit Restaurants Inc (NASDAQ:HABT) by 29.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,721 shares of the restaurant operator’s stock after buying an additional 5,809 shares during the period. OLD National Bancorp IN owned approximately 0.13% of Habit Restaurants worth $406,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of HABT. American International Group Inc. boosted its stake in Habit Restaurants by 7.2% in the first quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 558 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Habit Restaurants by 22.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,618 shares of the restaurant operator’s stock valued at $183,000 after buying an additional 1,944 shares during the period. Bfsg LLC bought a new stake in Habit Restaurants during the first quarter valued at approximately $190,000. Wrapmanager Inc. bought a new stake in Habit Restaurants during the first quarter valued at approximately $259,000. Finally, UBS Group AG boosted its stake in Habit Restaurants by 376.2% in the first quarter. UBS Group AG now owns 15,285 shares of the restaurant operator’s stock valued at $270,000 after buying an additional 12,075 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.
Shares of Habit Restaurants Inc (NASDAQ HABT) remained flat at $14.00 on Friday. 263,453 shares of the company’s stock traded hands. The firm has a market cap of $284.65 million, a price-to-earnings ratio of 54.26 and a beta of 1.04. The stock has a 50-day moving average of $15.95 and a 200-day moving average of $16.49. Habit Restaurants Inc has a 52-week low of $13.00 and a 52-week high of $19.75.
Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Habit Restaurants had a return on equity of 3.67% and a net margin of 2.06%. The company had revenue of $83.30 million during the quarter, compared to analysts’ expectations of $84.15 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. Analysts anticipate that Habit Restaurants Inc will post $0.23 earnings per share for the current year.
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Several research firms have recently commented on HABT. Zacks Investment Research cut Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Cowen and Company increased their price objective on Habit Restaurants from $17.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of Habit Restaurants in a research report on Friday, July 14th. BidaskClub upgraded Habit Restaurants from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $22.00 price objective on shares of Habit Restaurants in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.92.
Habit Restaurants Company Profile
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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