Zacks Investment Research Lowers Habit Restaurants (NASDAQ:HABT) to Hold

Zacks Investment Research downgraded shares of Habit Restaurants (NASDAQ:HABT) from a buy rating to a hold rating in a report released on Thursday, Zacks.com reports.

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 research analysts have also weighed in on the company. Wedbush lowered Habit Restaurants from an outperform rating to a neutral rating and set a $14.00 price target on the stock. in a research note on Monday, January 6th. Guggenheim lowered Habit Restaurants from a buy rating to a neutral rating in a research note on Tuesday, January 7th. Maxim Group lowered Habit Restaurants from a buy rating to a hold rating in a research note on Monday, January 6th. Stephens reiterated an equal weight rating on shares of Habit Restaurants in a report on Monday, January 6th. Finally, BidaskClub raised shares of Habit Restaurants from a sell rating to a hold rating in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, Habit Restaurants presently has a consensus rating of Hold and an average price target of $15.67.

HABT opened at $13.92 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.68 and a current ratio of 0.71. The company has a market cap of $363.48 million, a price-to-earnings ratio of 87.01 and a beta of 1.07. Habit Restaurants has a one year low of $7.80 and a one year high of $14.16. The business’s fifty day moving average is $11.44 and its two-hundred day moving average is $9.95.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $116.19 million. Habit Restaurants had a return on equity of 2.29% and a net margin of 0.79%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. On average, analysts predict that Habit Restaurants will post 0.15 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HABT. Bank of Montreal Can raised its stake in shares of Habit Restaurants by 11,464.0% during the second quarter. Bank of Montreal Can now owns 16,074 shares of the restaurant operator’s stock valued at $168,000 after purchasing an additional 15,935 shares during the period. Malaga Cove Capital LLC lifted its position in shares of Habit Restaurants by 5.9% during the third quarter. Malaga Cove Capital LLC now owns 25,318 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 1,400 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Habit Restaurants by 34.3% in the second quarter. Parametric Portfolio Associates LLC now owns 27,019 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 6,904 shares in the last quarter. Rhumbline Advisers grew its stake in Habit Restaurants by 6.4% in the third quarter. Rhumbline Advisers now owns 29,943 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Man Group plc grew its stake in Habit Restaurants by 108.7% in the second quarter. Man Group plc now owns 52,921 shares of the restaurant operator’s stock worth $555,000 after purchasing an additional 27,560 shares in the last quarter. 63.15% of the stock is currently owned by hedge funds and other institutional investors.

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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