Habit Restaurants Inc. (NASDAQ:HABT) shares shot up 2.7% during trading on Wednesday . The stock traded as high as $15.43 and last traded at $15.43, with a volume of 311,213 shares. The stock had previously closed at $15.03.

Several research firms have commented on HABT. Zacks Investment Research downgraded Habit Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Robert W. Baird reiterated a “buy” rating on shares of Habit Restaurants in a report on Monday, May 16th. Finally, Wedbush cut their price target on Habit Restaurants from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.00.

The firm has a 50 day moving average price of $16.00 and a 200-day moving average price of $17.65. The firm has a market capitalization of $277.31 million and a PE ratio of 56.52.

Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings data 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 analysts’ expectations of $71.09 million. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Equities analysts expect 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 company’s stock in a transaction that occurred 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 transaction, the insider now directly 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 this hyperlink.

A hedge fund recently bought a new stake in Habit Restaurants stock. Coe Capital Management LLC acquired a new position in shares of Habit Restaurants Inc. (NASDAQ:HABT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 108,731 shares of the company’s stock, valued at approximately $2,507,000. Habit Restaurants comprises about 1.0% of Coe Capital Management LLC’s holdings, making the stock its 21st largest position. Coe Capital Management LLC owned about 0.79% of Habit Restaurants 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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