Investors Sell Habit Restaurants Inc. (HABT) on Strength (HABT)
Investors sold shares of Habit Restaurants Inc. (NASDAQ:HABT) on strength during trading hours on Thursday. $3.57 million flowed into the stock on the tick-up and $15.64 million flowed out of the stock on the tick-down, for a money net flow of $12.07 million out of the stock. Of all stocks tracked, Habit Restaurants had the 0th highest net out-flow for the day. Habit Restaurants traded up $0.55 for the day and closed at $16.95
Several equities analysts have recently weighed in on the stock. Robert W. Baird restated a “buy” rating on shares of Habit Restaurants in a research report on Monday, May 16th. Zacks Investment Research lowered shares of Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.75.
The company has a market capitalization of $268.67 million and a price-to-earnings ratio of 67.80. The stock has a 50 day moving average price of $16.49 and a 200-day moving average price of $18.54.
Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The business earned $67 million during the quarter, compared to the consensus estimate of $67.70 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, equities research analysts anticipate that Habit Restaurants Inc. will post $0.32 EPS for the current fiscal year.
In related news, insider Peter Whitwell sold 1,500 shares of Habit Restaurants stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $17.32, for a total value of $25,980.00. Following the completion of the transaction, the insider now directly owns 387 shares of the company’s stock, valued at $6,702.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
An institutional investor recently raised its position in Habit Restaurants stock. Russell Frank Co increased its stake in Habit Restaurants Inc. (NASDAQ:HABT) by 131.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,847 shares of the company’s stock after buying an additional 51,082 shares during the period. Russell Frank Co owned about 0.65% of Habit Restaurants worth $2,084,000 as of its most recent filing with the SEC.
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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