Habit Restaurants Inc (NASDAQ:HABT) Receives Average Recommendation of “Hold” from Brokerages

Habit Restaurants Inc (NASDAQ:HABT) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.17.

A number of research analysts have issued reports on the stock. ValuEngine cut shares of Habit Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. BidaskClub upgraded shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Zacks Investment Research upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, May 7th. Wedbush reiterated an “outperform” rating and issued a $20.00 price target on shares of Habit Restaurants in a research report on Thursday, May 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $17.00 price target (down from $19.00) on shares of Habit Restaurants in a research report on Wednesday, April 24th.

Shares of Habit Restaurants stock opened at $10.26 on Friday. Habit Restaurants has a 12-month low of $9.60 and a 12-month high of $18.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.64 and a quick ratio of 0.61. The stock has a market capitalization of $267.10 million, a price-to-earnings ratio of 60.35, a P/E/G ratio of 3.79 and a beta of 1.03.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HABT. Bank of New York Mellon Corp boosted its position in Habit Restaurants by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 83,760 shares of the restaurant operator’s stock worth $1,336,000 after acquiring an additional 5,394 shares during the last quarter. Rhumbline Advisers boosted its position in Habit Restaurants by 43.9% during the fourth quarter. Rhumbline Advisers now owns 29,000 shares of the restaurant operator’s stock worth $304,000 after acquiring an additional 8,846 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Habit Restaurants by 405.9% in the 4th quarter. Acadian Asset Management LLC now owns 275,566 shares of the restaurant operator’s stock valued at $2,893,000 after purchasing an additional 221,097 shares during the last quarter. 361 Capital LLC acquired a new position in shares of Habit Restaurants in the 4th quarter valued at $1,876,000. Finally, BlackRock Inc. boosted its holdings in shares of Habit Restaurants by 4.5% in the 4th quarter. BlackRock Inc. now owns 1,431,457 shares of the restaurant operator’s stock valued at $15,032,000 after purchasing an additional 62,136 shares during the last quarter. 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.

Featured Story: Why are gap-down stocks important?

Receive News & Ratings for Habit Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Habit Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.