Birch Grove Capital LP Reduces Position in Habit Restaurants Inc (HABT)

Birch Grove Capital LP lowered its holdings in shares of Habit Restaurants Inc (NASDAQ:HABT) by 60.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the restaurant operator’s stock after selling 70,000 shares during the quarter. Habit Restaurants makes up 0.3% of Birch Grove Capital LP’s portfolio, making the stock its 14th biggest holding. Birch Grove Capital LP owned approximately 0.17% of Habit Restaurants worth $430,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Nationwide Fund Advisors grew its position in shares of Habit Restaurants by 52.6% during the second quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 3,949 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Habit Restaurants by 43.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,137 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 5,151 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Habit Restaurants by 34.7% during the second quarter. California State Teachers Retirement System now owns 35,734 shares of the restaurant operator’s stock worth $565,000 after purchasing an additional 9,200 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Habit Restaurants by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 86,087 shares of the restaurant operator’s stock worth $822,000 after purchasing an additional 9,645 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Habit Restaurants by 83.0% during the second quarter. New York State Common Retirement Fund now owns 21,600 shares of the restaurant operator’s stock worth $341,000 after purchasing an additional 9,799 shares in the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Several analysts recently issued reports on the company. BidaskClub upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Maxim Group assumed coverage on Habit Restaurants in a research report on Wednesday, December 13th. They set a “buy” rating and a $13.00 target price for the company. Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine cut Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, TheStreet lowered Habit Restaurants from a “c-” rating to a “d” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Habit Restaurants presently has an average rating of “Hold” and a consensus target price of $14.00.

Habit Restaurants stock traded down $0.15 during midday trading on Monday, reaching $8.65. 210,544 shares of the stock traded hands, compared to its average volume of 397,449. Habit Restaurants Inc has a 12 month low of $8.10 and a 12 month high of $19.75. The firm has a market cap of $228.96, a PE ratio of 54.69, a PEG ratio of 11.16 and a beta of 0.59. The company has a current ratio of 1.19, a quick ratio of 1.14 and a debt-to-equity ratio of 0.09.

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Habit Restaurants 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.

Institutional Ownership by Quarter for Habit Restaurants (NASDAQ:HABT)

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