Habit Restaurants Inc. (HABT) Trading Up 6.2%
Habit Restaurants Inc. (NASDAQ:HABT)’s share price was up 6.2% during mid-day trading on Friday . The stock 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.
Several equities analysts recently issued reports on HABT shares. Wedbush reduced 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. Robert W. Baird reiterated a “buy” rating on shares of Habit Restaurants in a research report on Monday, May 16th. Finally, Zacks Investment Research lowered Habit Restaurants from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.00.
The firm’s 50 day moving average is $16.27 and its 200-day moving average is $18.03. The stock has a market cap of $239.67 million and a P/E ratio of 60.48.
Habit Restaurants (NASDAQ:HABT) last posted its earnings results on Wednesday, August 3rd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The company earned $71.10 million during the quarter, compared to the consensus estimate of $71.09 million. During the same quarter in the prior year, the company earned $0.09 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. Equities research analysts predict that Habit Restaurants Inc. will post $0.29 EPS for the current fiscal year.
In related news, insider Peter Whitwell sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $17.32, for a total value of $25,980.00. Following the sale, the insider now directly owns 387 shares in the company, valued at $6,702.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Habit Restaurants stock. Wells Fargo & Company MN increased its position in shares of Habit Restaurants Inc. (NASDAQ:HABT) by 60.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 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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