Habit Restaurants (HABT) Lifted to “Buy” at Zacks Investment Research

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Habit Restaurants (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $19.00 price target on the restaurant operator’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.43% from the stock’s previous close.

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. “

Several other equities research analysts have also recently weighed in on the company. Wedbush upgraded Habit Restaurants from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $10.00 to $15.00 in a report on Monday, July 30th. Guggenheim reiterated a “buy” rating and issued a $15.00 target price on shares of Habit Restaurants in a report on Thursday, August 2nd. TheStreet upgraded Habit Restaurants from a “d” rating to a “c-” rating in a report on Monday, July 30th. Maxim Group cut Habit Restaurants from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Finally, BidaskClub upgraded Habit Restaurants from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.57.

Shares of HABT stock traded down $0.50 during mid-day trading on Friday, hitting $16.90. The stock had a trading volume of 386,400 shares, compared to its average volume of 363,138. Habit Restaurants has a 12-month low of $8.10 and a 12-month high of $18.30. The stock has a market capitalization of $461.70 million, a price-to-earnings ratio of 105.63, a P/E/G ratio of 11.87 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12.

Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ 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 business 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 business earned $0.06 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. research analysts predict that Habit Restaurants will post 0.05 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wrapmanager Inc. lifted 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 purchasing an additional 3,708 shares during the last quarter. Barclays PLC lifted its stake in shares of Habit Restaurants by 173.1% during the 1st quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock worth $203,000 after purchasing an additional 14,662 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Habit Restaurants by 18.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,493 shares of the restaurant operator’s stock worth $1,025,000 after purchasing an additional 15,801 shares during the last quarter. Jane Street Group LLC lifted 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 purchasing an additional 17,070 shares during the last quarter. Finally, GSA Capital Partners LLP lifted 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 purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 59.57% 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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