Traders 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 companies 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 brokerages have recently issued reports on HABT. Robert W. Baird restated a “buy” rating on shares of Habit Restaurants in a report on Monday, May 16th. Zacks Investment Research cut shares of Habit Restaurants from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating and nine have given a buy rating to the company. Habit Restaurants currently has an average rating of “Buy” and an average target price of $29.75.
The company has a 50-day moving average price of $16.47 and a 200 day moving average price of $18.49. The stock has a market capitalization of $267.88 million and a P/E ratio of 67.60.
Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. During the same quarter in the prior year, the business earned $0.09 EPS. The firm had revenue of $67 million for the quarter, compared to analysts’ expectations of $67.70 million. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts expect that Habit Restaurants Inc. will post $0.32 earnings per share for the current year.
In other news, insider Peter Whitwell sold 1,500 shares of Habit Restaurants stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $17.32, for a total transaction of $25,980.00. Following the sale, the insider now owns 387 shares in the company, valued at $6,702.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Habit Restaurants stock. Russell Frank Co raised its position 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. The fund 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 at the end of the most recent reporting period.
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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