Habit Restaurants Sees Unusually High Options Volume (HABT)

Habit Restaurants Inc (NASDAQ:HABT) saw unusually large options trading on Monday. Stock traders acquired 609 call options on the company. This is an increase of approximately 661% compared to the average volume of 80 call options.

Shares of Habit Restaurants stock opened at $10.20 on Tuesday. The firm has a market capitalization of $274.82 million, a PE ratio of 63.75, a price-to-earnings-growth ratio of 23.67 and a beta of 0.52. Habit Restaurants has a 52 week low of $8.10 and a 52 week high of $17.45. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12.

Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, May 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The business had revenue of $91.90 million during the quarter, compared to the consensus estimate of $93.75 million. Habit Restaurants had a positive return on equity of 1.35% and a negative net margin of 1.16%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. equities analysts forecast that Habit Restaurants will post 0.02 earnings per share for the current fiscal year.

HABT has been the topic of a number of recent research reports. ValuEngine lowered Habit Restaurants from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 19th. Stephens lowered Habit Restaurants from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective on the stock. in a research note on Thursday, May 3rd. Zacks Investment Research lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. BidaskClub raised Habit Restaurants from a “hold” rating to a “buy” rating in a research note on Saturday, April 28th. Finally, Maxim Group reissued a “buy” rating and set a $12.00 price objective on shares of Habit Restaurants in a research note on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its holdings in Habit Restaurants by 3,981.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,061 shares of the restaurant operator’s stock valued at $106,000 after acquiring an additional 10,790 shares during the period. Jane Street Group LLC bought a new stake in Habit Restaurants during the fourth quarter valued at about $108,000. Bogle Investment Management L P DE bought a new stake in Habit Restaurants during the fourth quarter valued at about $180,000. Barclays PLC boosted its holdings in Habit Restaurants by 173.1% during the first quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock valued at $203,000 after acquiring an additional 14,662 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Habit Restaurants by 273.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 35,534 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 26,027 shares during the period. Hedge funds and other institutional investors own 63.99% 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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