California State Teachers Retirement System boosted its position in Habit Restaurants Inc. (NASDAQ:HABT) by 15.9% during the second quarter, Holdings Channel reports. The firm owned 28,234 shares of the company’s stock after buying an additional 3,866 shares during the period. California State Teachers Retirement System owned about 0.18% of Habit Restaurants worth $462,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new stake in shares of Habit Restaurants during the first quarter worth approximately $553,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Habit Restaurants during the second quarter worth approximately $580,000. Bank of New York Mellon Corp increased its stake in shares of Habit Restaurants by 19.2% in the second quarter. Bank of New York Mellon Corp now owns 50,777 shares of the company’s stock worth $832,000 after buying an additional 8,170 shares during the period. Geode Capital Management LLC increased its stake in shares of Habit Restaurants by 11.9% in the first quarter. Geode Capital Management LLC now owns 75,693 shares of the company’s stock worth $1,410,000 after buying an additional 8,072 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in shares of Habit Restaurants during the first quarter worth approximately $2,108,000. Institutional investors and hedge funds own 85.77% of the company’s stock.
Habit Restaurants Inc. (NASDAQ:HABT) traded down 1.15% during midday trading on Tuesday, reaching $13.77. 81,508 shares of the company’s stock traded hands. The stock has a market capitalization of $247.47 million, a price-to-earnings ratio of 50.44 and a beta of 1.07. The company’s 50-day moving average price is $14.59 and its 200 day moving average price is $16.31. Habit Restaurants Inc. has a 52 week low of $13.48 and a 52 week high of $28.07.
Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Habit Restaurants had a net margin of 1.55% and a return on equity of 5.72%. The firm had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $71.09 million. During the same period in the prior year, the company posted $0.09 earnings per share. Habit Restaurants’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts expect that Habit Restaurants Inc. will post $0.29 earnings per share for the current year.
A number of equities research analysts recently issued reports on HABT shares. Zacks Investment Research upgraded shares of Habit Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, September 29th. Robert W. Baird restated an “outperform” rating on shares of Habit Restaurants in a report on Thursday, September 8th. Finally, Wedbush lowered their target price on shares of Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.00.
About Habit Restaurants
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 salads, sides, shakes and malts.
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