Habit Restaurants Inc. (NASDAQ:HABT)’s share price traded up 4.1% during trading on Thursday . The company traded as high as $17.22 and last traded at $17.08, with a volume of 300,879 shares traded. The stock had previously closed at $16.40.

A number of equities analysts have recently commented on the stock. Robert W. Baird reaffirmed 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 investment analysts have rated the stock with a sell rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.75.

The stock has a market cap of $267.88 million and a price-to-earnings ratio of 67.60. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $18.49.

Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, May 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm earned $67 million during the quarter, compared to analyst estimates of $67.70 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter 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 other news, insider Peter Whitwell sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $17.32, for a total value of $25,980.00. Following the transaction, the insider now directly owns 387 shares in the company, valued at approximately $6,702.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Habit Restaurants stock. Wells Fargo & Company MN increased its stake in Habit Restaurants Inc. (NASDAQ:HABT) by 60.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,413,813 shares of the company’s stock after buying an additional 908,763 shares during the period. Wells Fargo & Company MN owned approximately 17.54% of Habit Restaurants worth $55,662,000 at the end of the most recent quarter.

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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