Habit Restaurants (HABT) Upgraded by Zacks Investment Research to Buy

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 Wednesday. The brokerage presently has a $18.00 target price on the restaurant operator’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.21% from the stock’s current price.

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. “

A number of other brokerages have also recently issued reports on HABT. BidaskClub cut Habit Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 11th. Wedbush reiterated a “buy” rating and set a $20.00 price objective on shares of Habit Restaurants in a research note on Thursday, September 13th. Maxim Group cut Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. ValuEngine upgraded Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, Stephens reiterated a “hold” rating and set a $14.00 price objective on shares of Habit Restaurants in a research note on Thursday, August 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.86.

Shares of NASDAQ:HABT opened at $15.90 on Wednesday. The firm has a market cap of $406.35 million, a price-to-earnings ratio of 99.38, a P/E/G ratio of 14.63 and a beta of 0.91. Habit Restaurants has a 12-month low of $8.10 and a 12-month high of $18.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.93.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings data on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $102.85 million during the quarter, compared to analysts’ expectations of $99.68 million. Habit Restaurants had a positive return on equity of 1.68% and a negative net margin of 0.84%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. research analysts anticipate that Habit Restaurants will post 0.05 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Habit Restaurants by 173.1% in the first quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock worth $203,000 after acquiring an additional 14,662 shares during the period. Jane Street Group LLC grew its holdings in shares of Habit Restaurants by 151.1% in the first quarter. Jane Street Group LLC now owns 28,369 shares of the restaurant operator’s stock worth $250,000 after acquiring an additional 17,070 shares during the period. Wrapmanager Inc. grew its holdings in shares of Habit Restaurants by 13.8% in the second quarter. Wrapmanager Inc. now owns 30,572 shares of the restaurant operator’s stock worth $306,000 after acquiring an additional 3,708 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Habit Restaurants by 196.1% in the second quarter. GSA Capital Partners LLP now owns 45,300 shares of the restaurant operator’s stock worth $453,000 after acquiring an additional 30,000 shares during the period. Finally, Spark Investment Management LLC bought a new stake in shares of Habit Restaurants in the second quarter worth $602,000. Hedge funds and other institutional investors own 59.56% 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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