Habit Restaurants Inc. (NASDAQ:HABT) shares fell 3.5% during mid-day trading on Tuesday . The stock traded as low as $16.18 and last traded at $16.29, with a volume of 120,894 shares traded. The stock had previously closed at $16.88.

Several brokerages have issued reports on HABT. Robert W. Baird reissued a “buy” rating on shares of Habit Restaurants in a research report on Monday, May 16th. Zacks Investment Research downgraded 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 company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.75.

The firm’s 50 day moving average is $16.47 and its 200 day moving average is $18.36. The stock has a market cap of $261.07 million and a price-to-earnings ratio of 65.88.

Habit Restaurants (NASDAQ:HABT) last issued its earnings results on Wednesday, May 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. During the same period last year, the business earned $0.09 earnings per share. The firm earned $67 million during the quarter, compared to the consensus estimate of $67.70 million. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts expect that Habit Restaurants Inc. will post $0.32 EPS for the current year.

In related news, insider Peter Whitwell sold 1,500 shares of the firm’s stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Habit Restaurants stock. Russell Frank Co boosted 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 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 0.65% of Habit Restaurants worth $2,084,000 as of its most recent SEC filing.

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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