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

Zacks Investment Research upgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a buy rating in a research report report published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $11.00 price objective on the restaurant operator’s stock.

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 firms also recently weighed in on HABT. Maxim Group restated a buy rating and set a $315.00 price target (up previously from $305.00) on shares of Domino’s Pizza in a research report on Wednesday, April 24th. BidaskClub cut Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. Wedbush reiterated a buy rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Finally, ValuEngine raised USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $16.17.

HABT stock opened at $10.07 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. Habit Restaurants has a one year low of $9.60 and a one year high of $18.30. The stock has a market cap of $260.05 million, a PE ratio of 59.24, a PEG ratio of 3.69 and a beta of 1.01. The business has a 50 day moving average of $10.24.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Habit Restaurants had a net margin of 0.47% and a return on equity of 2.72%. The firm had revenue of $108.20 million for the quarter, compared to analysts’ expectations of $105.51 million. During the same quarter last year, the company posted $0.01 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts forecast that Habit Restaurants will post 0.14 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. lifted its position in Habit Restaurants by 128.2% during the first quarter. Marshall Wace North America L.P. now owns 78,883 shares of the restaurant operator’s stock valued at $853,000 after purchasing an additional 44,314 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Habit Restaurants by 40.6% in the first quarter. Marshall Wace LLP now owns 459,940 shares of the restaurant operator’s stock worth $4,977,000 after buying an additional 132,883 shares during the period. Granite Investment Partners LLC lifted its position in shares of Habit Restaurants by 90.1% during the 1st quarter. Granite Investment Partners LLC now owns 82,578 shares of the restaurant operator’s stock valued at $893,000 after buying an additional 39,150 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Habit Restaurants during the 1st quarter valued at about $550,000. Finally, Acadian Asset Management LLC lifted its position in shares of Habit Restaurants by 19.6% during the 1st quarter. Acadian Asset Management LLC now owns 329,668 shares of the restaurant operator’s stock valued at $3,568,000 after buying an additional 54,102 shares in the last quarter. 63.64% of the stock is owned by institutional investors.

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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