Habit Restaurants (HABT) Lifted to “Buy” at Zacks Investment Research

Habit Restaurants (NASDAQ:HABT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm presently has a $14.00 price target on the restaurant operator’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.76% from the company’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. “

Several other analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded shares of Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush reiterated an “outperform” rating and issued a $20.00 target price on shares of Habit Restaurants in a research note on Thursday, May 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $17.00 target price (down from $19.00) on shares of Habit Restaurants in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Habit Restaurants presently has an average rating of “Buy” and a consensus price target of $16.67.

NASDAQ HABT opened at $12.64 on Tuesday. Habit Restaurants has a 1 year low of $8.55 and a 1 year high of $18.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.97. The company has a market capitalization of $319.24 million, a price-to-earnings ratio of 74.35, a PEG ratio of 5.18 and a beta of 1.09.

Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Thursday, February 28th. The restaurant operator reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.73%. The business had revenue of $102.71 million for the quarter, compared to analysts’ expectations of $99.87 million. As a group, research analysts forecast that Habit Restaurants will post 0.13 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of Habit Restaurants by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 83,760 shares of the restaurant operator’s stock valued at $1,336,000 after buying an additional 5,394 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Habit Restaurants by 7.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 922,701 shares of the restaurant operator’s stock valued at $14,717,000 after buying an additional 66,004 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Habit Restaurants during the 3rd quarter valued at $187,000. MetLife Investment Advisors LLC purchased a new stake in shares of Habit Restaurants during the 3rd quarter valued at $249,000. Finally, Teachers Advisors LLC raised its position in shares of Habit Restaurants by 15.0% during the 3rd quarter. Teachers Advisors LLC now owns 41,854 shares of the restaurant operator’s stock valued at $668,000 after buying an additional 5,445 shares in the last quarter. Institutional investors and hedge funds own 65.45% 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.

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