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. “
HABT has been the subject of several other research reports. Robert W. Baird restated an outperform rating on shares of Habit Restaurants in a research note on Thursday, September 8th. Wedbush dropped their price target on shares of Habit Restaurants from $25.00 to $21.00 and set an outperform rating for the company in a research note on Thursday, August 4th. One investment 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 has a consensus rating of Buy and an average price target of $27.00.
Habit Restaurants (NASDAQ:HABT) opened at 13.87 on Thursday. Habit Restaurants has a 52 week low of $13.68 and a 52 week high of $28.07. The company has a 50-day moving average price of $14.76 and a 200-day moving average price of $16.45. The stock has a market cap of $249.27 million, a price-to-earnings ratio of 50.81 and a beta of 1.07.
Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Habit Restaurants had a net margin of 1.55% and a return on equity of 5.72%. The company earned $71.10 million during the quarter, compared to analyst estimates of $71.09 million. During the same quarter last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Habit Restaurants will post $0.29 EPS for the current year.
Institutional investors have recently modified their holdings of the company. GMT Capital Corp purchased a new position in shares of Habit Restaurants during the second quarter worth approximately $6,231,000. Oxford Asset Management increased its position in shares of Habit Restaurants by 192.1% in the second quarter. Oxford Asset Management now owns 170,366 shares of the company’s stock worth $2,791,000 after buying an additional 112,046 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Habit Restaurants by 129.6% in the second quarter. GSA Capital Partners LLP now owns 92,381 shares of the company’s stock worth $1,513,000 after buying an additional 52,145 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Habit Restaurants during the second quarter worth approximately $418,000. Finally, Quantbot Technologies LP purchased a new position in shares of Habit Restaurants during the second quarter worth approximately $182,000. Hedge funds and other institutional investors own 85.77% of the company’s stock.
Habit Restaurants Company 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 salads, sides, shakes and malts.
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