Habit Restaurants (NASDAQ:HABT) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Habit Restaurants (NASDAQ:HABT) from a sell rating to a hold rating in a report issued on Saturday, June 29th, BidAskClub reports.

Several other research firms have also recently issued reports on HABT. Zacks Investment Research raised HENKEL AG & CO/S from a sell rating to a hold rating in a research note on Thursday, June 6th. Maxim Group reissued a buy rating and issued a $315.00 price target (up previously from $305.00) on shares of Domino’s Pizza in a research note on Wednesday, April 24th. Wedbush reissued a buy rating on shares of Liquidia Technologies in a research note on Thursday, May 2nd. Finally, ValuEngine raised USINAS SIDERURG/S from a sell rating to a hold rating in a research note on Wednesday, May 29th. One research 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 company currently has an average rating of Hold and a consensus target price of $16.17.

HABT traded up $0.10 during trading on Friday, reaching $10.12. 172,487 shares of the company were exchanged, compared to its average volume of 235,899. The firm has a market capitalization of $264.22 million, a PE ratio of 59.53, a P/E/G ratio of 3.75 and a beta of 1.01. The business’s 50 day moving average price is $10.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.64. Habit Restaurants has a 52 week low of $9.60 and a 52 week high of $18.30.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Habit Restaurants had a return on equity of 2.72% and a net margin of 0.47%. The firm had revenue of $108.20 million during the quarter, compared to the consensus estimate of $105.51 million. During the same period in the prior year, the business earned $0.01 EPS. The firm’s revenue was up 17.7% on a year-over-year basis. On average, analysts forecast that Habit Restaurants will post 0.14 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Habit Restaurants by 512.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock worth $46,000 after buying an additional 3,547 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Habit Restaurants by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock worth $75,000 after buying an additional 5,590 shares during the period. Macquarie Group Ltd. bought a new position in shares of Habit Restaurants during the 4th quarter worth approximately $100,000. Stephens Inc. AR bought a new position in shares of Habit Restaurants during the 1st quarter worth approximately $130,000. Finally, Stifel Financial Corp bought a new position in shares of Habit Restaurants during the 4th quarter worth approximately $132,000. 63.64% of the stock is owned by institutional investors and hedge funds.

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.

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