BidaskClub Lowers Habit Restaurants (NASDAQ:HABT) to Strong Sell

BidaskClub downgraded shares of Habit Restaurants (NASDAQ:HABT) from a sell rating to a strong sell rating in a research report report published on Saturday morning, BidAskClub reports.

Several other analysts also recently commented on HABT. Maxim Group reiterated a buy rating and set a $17.00 target price on shares of Habit Restaurants in a research note on Friday, August 2nd. ValuEngine downgraded Habit Restaurants from a buy rating to a hold rating in a research note on Wednesday, May 29th. Wedbush dropped their price target on Habit Restaurants from $20.00 to $15.00 and set an outperform rating on the stock in a research note on Thursday, August 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Habit Restaurants from a strong-buy rating to a hold rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Habit Restaurants has an average rating of Hold and a consensus price target of $15.33.

Shares of HABT opened at $8.99 on Friday. The company’s fifty day simple moving average is $9.92. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. Habit Restaurants has a 12 month low of $8.94 and a 12 month high of $18.30. The stock has a market cap of $234.72 million, a P/E ratio of 52.88, a price-to-earnings-growth ratio of 3.68 and a beta of 1.01.

Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, July 31st. The restaurant operator reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Habit Restaurants had a return on equity of 2.42% and a net margin of 0.43%. The business had revenue of $117.90 million for the quarter, compared to the consensus estimate of $116.82 million. During the same period last year, the business posted $0.08 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. Equities analysts expect that Habit Restaurants will post 0.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HABT. Penn Capital Management Co. Inc. lifted its position in Habit Restaurants by 170.8% during the first quarter. Penn Capital Management Co. Inc. now owns 423,542 shares of the restaurant operator’s stock valued at $4,583,000 after purchasing an additional 267,150 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Habit Restaurants by 66.4% during the second quarter. Wasatch Advisors Inc. now owns 544,707 shares of the restaurant operator’s stock valued at $5,714,000 after acquiring an additional 217,366 shares during the period. Renaissance Technologies LLC raised its holdings in Habit Restaurants by 12.6% during the second quarter. Renaissance Technologies LLC now owns 1,657,516 shares of the restaurant operator’s stock valued at $17,387,000 after acquiring an additional 185,157 shares during the period. JPMorgan Chase & Co. raised its holdings in Habit Restaurants by 266.9% during the second quarter. JPMorgan Chase & Co. now owns 253,200 shares of the restaurant operator’s stock valued at $2,557,000 after acquiring an additional 184,182 shares during the period. Finally, Marshall Wace LLP raised its holdings in Habit Restaurants by 40.6% during the first quarter. Marshall Wace LLP now owns 459,940 shares of the restaurant operator’s stock valued at $4,977,000 after acquiring an additional 132,883 shares during the period. Institutional investors own 63.33% 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.

See Also: Net Asset Value

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