Habit Restaurants (HABT) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a sell rating in a report published on Sunday.

HABT has been the subject of a number of other reports. Robert W. Baird reiterated a buy rating on shares of Habit Restaurants in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Habit Restaurants from a sell rating to a hold rating in a report on Wednesday, September 20th. Stephens lowered their price target on shares of Habit Restaurants from $21.00 to $18.00 and set an overweight rating for the company in a report on Wednesday, October 11th. Maxim Group started coverage on shares of Habit Restaurants in a report on Wednesday, December 13th. They set a buy rating and a $13.00 price target for the company. Finally, Raymond James Financial reiterated a market perform rating on shares of Habit Restaurants in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $15.94.

Shares of Habit Restaurants (NASDAQ HABT) opened at $9.60 on Friday. Habit Restaurants has a 1-year low of $8.85 and a 1-year high of $19.75. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08. The company has a market cap of $251.13, a price-to-earnings ratio of 41.74, a P/E/G ratio of 4.02 and a beta of 0.88.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Habit Restaurants had a net margin of 1.46% and a return on equity of 4.09%. The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $85.77 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. equities analysts anticipate that Habit Restaurants will post 0.14 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of HABT. Brown Advisory Inc. increased its position in Habit Restaurants by 926.7% during the 3rd quarter. Brown Advisory Inc. now owns 1,596,295 shares of the restaurant operator’s stock valued at $20,832,000 after purchasing an additional 1,440,821 shares during the period. Capital World Investors increased its position in Habit Restaurants by 512.9% during the 2nd quarter. Capital World Investors now owns 1,016,170 shares of the restaurant operator’s stock valued at $16,055,000 after purchasing an additional 850,370 shares during the period. GMT Capital Corp purchased a new position in Habit Restaurants during the 3rd quarter valued at $9,023,000. Dimensional Fund Advisors LP increased its position in Habit Restaurants by 170.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 255,584 shares of the restaurant operator’s stock valued at $4,038,000 after purchasing an additional 161,107 shares during the period. Finally, Wells Fargo & Company MN increased its position in Habit Restaurants by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 3,007,597 shares of the restaurant operator’s stock valued at $47,521,000 after purchasing an additional 136,789 shares during the period. 76.32% of the stock is currently owned by institutional investors and hedge funds.

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Habit Restaurants Company Profile

The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers sides, shakes and malts.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Habit Restaurants (NASDAQ:HABT)

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