The Habit Restaurants, Inc. (NASDAQ:HABT) Raised to “Sell” at BidaskClub

The Habit Restaurants, Inc. (NASDAQ:HABT) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday, July 24th.

A number of other research firms have also issued reports on HABT. Zacks Investment Research lowered The Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Cowen and Company increased their target price on The Habit Restaurants from $17.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research note on Friday, July 14th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $22.00 target price on shares of The Habit Restaurants in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The Habit Restaurants presently has a consensus rating of “Hold” and an average price target of $19.92.

The Habit Restaurants (NASDAQ HABT) opened at 14.00 on Monday. The Habit Restaurants has a 52-week low of $13.00 and a 52-week high of $19.75. The firm has a market capitalization of $284.65 million, a P/E ratio of 54.26 and a beta of 1.04. The firm has a 50-day moving average price of $15.95 and a 200 day moving average price of $16.49.

The Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The Habit Restaurants had a return on equity of 4.97% and a net margin of 1.64%. The business had revenue of $83.30 million during the quarter, compared to analyst estimates of $84.15 million. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts forecast that The Habit Restaurants will post $0.23 EPS for the current year.

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A number of large investors have recently modified their holdings of the stock. OxFORD Asset Management LLP acquired a new stake in shares of The Habit Restaurants during the second quarter worth $168,000. Dimensional Fund Advisors LP raised its stake in shares of The Habit Restaurants by 170.5% in the second quarter. Dimensional Fund Advisors LP now owns 255,584 shares of the restaurant operator’s stock worth $4,038,000 after buying an additional 161,107 shares during the period. Renaissance Technologies LLC raised its stake in shares of The Habit Restaurants by 10.3% in the second quarter. Renaissance Technologies LLC now owns 1,012,700 shares of the restaurant operator’s stock worth $16,001,000 after buying an additional 94,300 shares during the period. Northern Trust Corp raised its stake in shares of The Habit Restaurants by 43.0% in the second quarter. Northern Trust Corp now owns 230,327 shares of the restaurant operator’s stock worth $3,640,000 after buying an additional 69,226 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of The Habit Restaurants by 83.0% in the second quarter. New York State Common Retirement Fund now owns 21,600 shares of the restaurant operator’s stock worth $341,000 after buying an additional 9,799 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

The 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.

Analyst Recommendations for The Habit Restaurants (NASDAQ:HABT)

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