Granite Investment Partners LLC boosted its stake in The Habit Restaurants, Inc. (NASDAQ:HABT) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,911 shares of the restaurant operator’s stock after buying an additional 15,977 shares during the period. Granite Investment Partners LLC’s holdings in The Habit Restaurants were worth $3,396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp purchased a new position in The Habit Restaurants during the first quarter valued at $296,000. Envestnet Asset Management Inc. purchased a new position in The Habit Restaurants during the first quarter valued at $324,000. Keybank National Association OH purchased a new position in The Habit Restaurants during the first quarter valued at $376,000. Teza Capital Management LLC purchased a new position in The Habit Restaurants during the first quarter valued at $297,000. Finally, Bank of New York Mellon Corp increased its position in The Habit Restaurants by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 56,674 shares of the restaurant operator’s stock valued at $1,003,000 after buying an additional 2,280 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) opened at 14.00 on Friday. The stock has a market cap of $284.65 million, a PE ratio of 54.26 and a beta of 1.04. The company’s 50-day moving average price is $16.00 and its 200-day moving average price is $16.49. The Habit Restaurants, Inc. has a one year low of $13.00 and a one year high of $19.75.

The Habit Restaurants (NASDAQ:HABT) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The Habit Restaurants had a return on equity of 4.97% and a net margin of 1.64%. The company had revenue of $83.30 million during the quarter, compared to analyst estimates of $84.15 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The Habit Restaurants’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that The Habit Restaurants, Inc. will post $0.23 earnings per share for the current year.

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Several research firms have recently weighed in on HABT. Zacks Investment Research downgraded The Habit Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Cowen and Company increased their price target on The Habit Restaurants from $17.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of The Habit Restaurants in a research note on Friday, July 14th. BidaskClub upgraded The Habit Restaurants from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $22.00 price target on shares of The Habit Restaurants in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.92.

The Habit Restaurants Company Profile

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 sides, shakes and malts.

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Institutional Ownership by Quarter for The Habit Restaurants (NASDAQ:HABT)

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