Habit Restaurants (HABT) Reaches New 52-Week High at $17.82

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Habit Restaurants Inc (NASDAQ:HABT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.82 and last traded at $17.55, with a volume of 22822 shares trading hands. The stock had previously closed at $16.60.

Several brokerages recently issued reports on HABT. Zacks Investment Research upgraded Habit Restaurants from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Monday, August 27th. ValuEngine upgraded Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Stephens reiterated a “hold” rating and issued a $14.00 price target on shares of Habit Restaurants in a research note on Thursday, August 2nd. Guggenheim reiterated a “buy” rating and issued a $15.00 price target on shares of Habit Restaurants in a research note on Thursday, August 2nd. Finally, Maxim Group cut Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Habit Restaurants has an average rating of “Buy” and a consensus target price of $14.43.

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.93. The company has a market capitalization of $431.09 million, a price-to-earnings ratio of 106.25, a price-to-earnings-growth ratio of 11.08 and a beta of 0.90.

Habit Restaurants (NASDAQ:HABT) last released its earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Habit Restaurants had a positive return on equity of 1.68% and a negative net margin of 0.84%. The firm had revenue of $102.85 million during the quarter, compared to analysts’ expectations of $99.68 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. equities analysts forecast that Habit Restaurants Inc will post 0.05 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HABT. Dimensional Fund Advisors LP lifted its stake in Habit Restaurants by 38.5% during the second quarter. Dimensional Fund Advisors LP now owns 856,697 shares of the restaurant operator’s stock worth $8,567,000 after purchasing an additional 238,193 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Habit Restaurants by 273.1% during the first quarter. JPMorgan Chase & Co. now owns 189,677 shares of the restaurant operator’s stock worth $1,670,000 after purchasing an additional 138,842 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in Habit Restaurants during the second quarter worth $1,250,000. Lucia Wealth Services LLC lifted its stake in Habit Restaurants by 30.3% during the first quarter. Lucia Wealth Services LLC now owns 488,778 shares of the restaurant operator’s stock worth $4,301,000 after purchasing an additional 113,744 shares during the last quarter. Finally, Elk Creek Partners LLC lifted its stake in Habit Restaurants by 16.5% during the first quarter. Elk Creek Partners LLC now owns 781,581 shares of the restaurant operator’s stock worth $6,878,000 after purchasing an additional 110,699 shares during the last quarter. Hedge funds and other institutional investors own 59.57% of the company’s stock.

About Habit Restaurants (NASDAQ:HABT)

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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