Brokerages Set Habit Restaurants Inc (NASDAQ:HABT) Target Price at $16.20

Habit Restaurants Inc (NASDAQ:HABT) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.20.

HABT has been the subject of a number of research analyst reports. BidaskClub lowered shares of Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 10th. Wedbush reduced their price target 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. ValuEngine lowered shares of Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Maxim Group reissued a “buy” rating and set a $17.00 target price on shares of Habit Restaurants in a research note on Friday, August 2nd. Finally, 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.

Shares of NASDAQ:HABT traded up $0.45 during trading on Friday, reaching $8.90. The company had a trading volume of 506,100 shares, compared to its average volume of 428,045. The firm’s fifty day moving average is $9.85 and its 200 day moving average is $10.68. The firm has a market capitalization of $230.54 million, a PE ratio of 52.35, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Habit Restaurants has a twelve month low of $8.43 and a twelve month high of $18.30. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.64.

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, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $117.90 million during the quarter, compared to analyst estimates of $116.82 million. Habit Restaurants had a net margin of 0.43% and a return on equity of 2.42%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. Equities analysts predict that Habit Restaurants will post 0.13 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of 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 acquiring an additional 3,547 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Habit Restaurants during the second quarter valued at approximately $49,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of 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 acquiring an additional 5,590 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Habit Restaurants during the fourth quarter valued at approximately $100,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Habit Restaurants during the second quarter valued at approximately $113,000. 63.33% 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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