Habit Restaurants Inc (NASDAQ:HABT) Given Consensus Rating of “Hold” by Analysts

Habit Restaurants Inc (NASDAQ:HABT) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.20.

HABT has been the subject of a number of analyst reports. ValuEngine lowered shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Wedbush reduced their price objective on shares of Habit Restaurants from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Habit Restaurants from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. BidaskClub lowered shares of Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 10th. Finally, Maxim Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of Habit Restaurants in a research note on Friday, August 2nd.

NASDAQ HABT traded down $0.31 on Friday, reaching $8.52. The company’s stock had a trading volume of 15,558 shares, compared to its average volume of 402,845. Habit Restaurants has a twelve month low of $8.68 and a twelve month high of $18.30. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $228.72 million, a PE ratio of 50.06, a PEG ratio of 3.57 and a beta of 1.01. The business has a 50 day moving average price of $9.90.

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

A number of hedge funds have recently bought and sold shares of HABT. BNP Paribas Arbitrage SA lifted its stake in Habit Restaurants by 512.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 3,547 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Habit Restaurants during the second quarter valued at about $49,000. Metropolitan Life Insurance Co. NY lifted its stake in 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 in the last quarter. Macquarie Group Ltd. purchased a new stake in Habit Restaurants during the fourth quarter valued at about $100,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Habit Restaurants during the second quarter valued at about $113,000. 63.33% of the stock is owned by institutional investors.

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.

Further Reading: Price-Sales Ratio

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