Habit Restaurants Inc. (HABT) Trading Down 0.7%
Habit Restaurants Inc. (NASDAQ:HABT) fell 0.7% on Monday . The stock traded as low as $15.43 and last traded at $15.51, with a volume of 53,311 shares traded. The stock had previously closed at $15.62.
Several brokerages have weighed in on HABT. Robert W. Baird reaffirmed a “buy” rating on shares of Habit Restaurants in a research report on Monday, May 16th. Zacks Investment Research cut Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Finally, Wedbush dropped their target price on Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.00.
The firm’s 50-day moving average price is $15.82 and its 200 day moving average price is $17.42. The company has a market cap of $278.75 million and a PE ratio of 56.81.
Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $71.09 million. Habit Restaurants’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. On average, equities research analysts anticipate that Habit Restaurants Inc. will post $0.29 earnings per share for the current fiscal year.
In related news, insider Peter Whitwell sold 1,500 shares of the business’s stock in a transaction 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 completion of the sale, 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 available through this hyperlink.
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.