Habit Restaurants (NASDAQ:HABT) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a buy rating in a report released on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $11.00 price objective on the restaurant operator’s stock.

According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “

HABT has been the topic of several other reports. Wedbush restated a buy rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Maxim Group reaffirmed a buy rating and issued a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a research note on Wednesday, April 24th. ValuEngine upgraded USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. Finally, BidaskClub downgraded Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $16.17.

Habit Restaurants stock opened at $10.07 on Wednesday. The business has a 50-day simple moving average of $10.24. Habit Restaurants has a twelve month low of $9.60 and a twelve month high of $18.30. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market cap of $260.05 million, a P/E ratio of 59.24, a PEG ratio of 3.69 and a beta of 1.01.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $108.20 million during the quarter, compared to the consensus estimate of $105.51 million. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. As a group, sell-side analysts forecast that Habit Restaurants will post 0.14 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in Habit Restaurants by 512.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 3,547 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Habit Restaurants by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 5,590 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Habit Restaurants during the fourth quarter valued at approximately $100,000. Stephens Inc. AR bought a new position in shares of Habit Restaurants during the first quarter valued at approximately $130,000. Finally, Stifel Financial Corp bought a new position in shares of Habit Restaurants during the fourth quarter valued at approximately $132,000. Hedge funds and other institutional investors own 63.64% of the company’s stock.

About Habit Restaurants

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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