Habit Restaurants Inc. (HABT) Shares Up 6.2%
Shares of Habit Restaurants Inc. (NASDAQ:HABT) shot up 6.2% during trading on Friday . The company traded as high as $15.52 and last traded at $15.39, with a volume of 395,307 shares traded. The stock had previously closed at $14.49.
A number of brokerages have recently commented on HABT. Wedbush dropped their price target on Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday. Zacks Investment Research cut Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Finally, Robert W. Baird reissued a “buy” rating on shares of Habit Restaurants in a research report on Monday, May 16th. Two investment analysts have rated the stock with a sell rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.00.
The firm’s 50 day moving average price is $16.24 and its 200 day moving average price is $18.00. The company has a market capitalization of $239.67 million and a price-to-earnings ratio of 60.48.
Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, August 3rd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $71.10 million for the quarter, compared to analyst estimates of $71.09 million. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. Equities research analysts predict that Habit Restaurants Inc. will post $0.29 earnings per share for the current year.
In other news, insider Peter Whitwell sold 1,500 shares of the firm’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 transaction of $25,980.00. Following the transaction, the insider now directly owns 387 shares of the company’s stock, valued at $6,702.84. The sale was disclosed in a filing 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 position in Habit Restaurants Inc. (NASDAQ:HABT) by 60.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 17.54% of Habit Restaurants worth $55,662,000 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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