Ameriprise Financial Inc. Cuts Holdings in Habit Restaurants Inc (HABT)

Ameriprise Financial Inc. decreased its holdings in shares of Habit Restaurants Inc (NASDAQ:HABT) by 51.9% in the 3rd quarter, Holdings Channel reports. The firm owned 109,468 shares of the restaurant operator’s stock after selling 118,048 shares during the period. Ameriprise Financial Inc.’s holdings in Habit Restaurants were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in HABT. Capital World Investors lifted its holdings in Habit Restaurants by 512.9% during the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after purchasing an additional 850,370 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Habit Restaurants by 170.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 255,584 shares of the restaurant operator’s stock valued at $4,038,000 after purchasing an additional 161,107 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Habit Restaurants by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock valued at $47,521,000 after purchasing an additional 136,789 shares during the last quarter. Granite Point Capital Management L.P. acquired a new stake in Habit Restaurants during the 2nd quarter valued at $1,580,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Habit Restaurants by 10.3% during 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 in the last quarter. 76.32% of the stock is owned by institutional investors and hedge funds.

Shares of Habit Restaurants Inc (HABT) opened at $9.05 on Wednesday. Habit Restaurants Inc has a twelve month low of $8.75 and a twelve month high of $19.75. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $235.53, a price-to-earnings ratio of 39.35, a PEG ratio of 3.82 and a beta of 0.88.

Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $85.77 million. During the same period in the prior year, the business posted $0.05 EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. research analysts forecast that Habit Restaurants Inc will post 0.14 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on HABT shares. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Habit Restaurants in a report on Monday, October 9th. Maxim Group started coverage on Habit Restaurants in a report on Wednesday, December 13th. They set a “buy” rating and a $13.00 target price for the company. TheStreet raised Habit Restaurants from a “d” rating to a “c-” rating in a report on Monday, November 20th. Zacks Investment Research raised Habit Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Cowen reissued a “hold” rating and set a $16.00 target price on shares of Habit Restaurants in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.94.

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About 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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Institutional Ownership by Quarter for Habit Restaurants (NASDAQ:HABT)

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