The Habit Restaurants, Inc. (HABT) Earns Buy Rating from Robert W. Baird

Robert W. Baird restated their buy rating on shares of The Habit Restaurants, Inc. (NASDAQ:HABT) in a report issued on Monday. The brokerage currently has a $20.00 target price on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on HABT. Zacks Investment Research lowered shares of The Habit Restaurants from a hold rating to a sell rating in a research report on Tuesday, July 4th. Piper Jaffray Companies reiterated a buy rating on shares of The Habit Restaurants in a research report on Friday, July 14th. Raymond James Financial, Inc. reiterated an outperform rating and issued a $22.00 price objective on shares of The Habit Restaurants in a research report on Monday, July 24th. BidaskClub upgraded shares of The Habit Restaurants from a strong sell rating to a sell rating in a research report on Monday, July 24th. Finally, Wedbush reiterated a buy rating and issued a $25.00 price objective on shares of The Habit Restaurants in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $17.93.

Shares of The Habit Restaurants (NASDAQ HABT) opened at 13.15 on Monday. The Habit Restaurants has a one year low of $12.00 and a one year high of $19.75. The company’s 50-day moving average is $13.01 and its 200-day moving average is $16.01. The stock has a market capitalization of $267.37 million, a P/E ratio of 50.97 and a beta of 1.08.

The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The firm had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.15 million. During the same period last year, the firm posted $0.09 EPS. The Habit Restaurants’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that The Habit Restaurants will post $0.23 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of HABT. American International Group Inc. boosted its position in shares of The Habit Restaurants by 7.2% during the 1st quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 558 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of The Habit Restaurants during the 2nd quarter worth $168,000. Nationwide Fund Advisors boosted its position in shares of The Habit Restaurants by 52.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 3,949 shares in the last quarter. Bfsg LLC purchased a new stake in shares of The Habit Restaurants during the 1st quarter worth $190,000. Finally, Stevens Capital Management LP purchased a new stake in shares of The Habit Restaurants during the 2nd quarter worth $256,000. Institutional investors own 73.82% 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.

Analyst Recommendations for The Habit Restaurants (NASDAQ:HABT)

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