Habit Restaurants (HABT) PT Raised to $16.00 at Stephens

Habit Restaurants (NASDAQ:HABT) had its target price boosted by Stephens from $14.00 to $16.00 in a report published on Wednesday, The Fly reports. They currently have an equal weight rating on the restaurant operator’s stock.

HABT has been the topic of several other reports. Wedbush reissued a buy rating and set a $17.00 price target on shares of Habit Restaurants in a research report on Thursday, August 2nd. BidaskClub downgraded Habit Restaurants from a buy rating to a hold rating in a research note on Wednesday, September 19th. Zacks Investment Research upgraded Habit Restaurants from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Wednesday, September 26th. Guggenheim restated a buy rating and issued a $15.00 target price on shares of Habit Restaurants in a research note on Thursday, August 2nd. Finally, Maxim Group upgraded Habit Restaurants from a hold rating to a buy rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Habit Restaurants presently has an average rating of Buy and a consensus price target of $15.00.

NASDAQ:HABT opened at $14.85 on Wednesday. The firm has a market cap of $386.81 million, a P/E ratio of 106.07, a price-to-earnings-growth ratio of 10.36 and a beta of 1.14. Habit Restaurants has a 1-year low of $8.10 and a 1-year high of $18.30. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.05 earnings per share for the quarter. The firm had revenue of $104.64 million for the quarter, compared to analyst estimates of $101.43 million. Habit Restaurants had a positive return on equity of 2.54% and a negative net margin of 1.06%. Habit Restaurants’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. Equities research analysts predict that Habit Restaurants will post 0.1 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its stake in Habit Restaurants by 173.1% in the first quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock valued at $203,000 after purchasing an additional 14,662 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Habit Restaurants by 151.1% during the 1st quarter. Jane Street Group LLC now owns 28,369 shares of the restaurant operator’s stock worth $250,000 after acquiring an additional 17,070 shares in the last quarter. Wrapmanager Inc. boosted its stake in shares of Habit Restaurants by 13.8% during the 2nd quarter. Wrapmanager Inc. now owns 30,572 shares of the restaurant operator’s stock worth $306,000 after acquiring an additional 3,708 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Habit Restaurants during the 3rd quarter worth about $586,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Habit Restaurants by 196.1% during the 2nd quarter. GSA Capital Partners LLP now owns 45,300 shares of the restaurant operator’s stock worth $453,000 after acquiring an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Habit Restaurants Company Profile

The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.

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The Fly

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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