Spark Investment Management LLC bought a new position in The Habit Restaurants, Inc. (NASDAQ:HABT) during the second quarter, Holdings Channel reports. The institutional investor bought 58,700 shares of the restaurant operator’s stock, valued at approximately $927,000.

Other large investors have also modified their holdings of the company. Morgan Stanley increased its stake in shares of The Habit Restaurants by 76.2% in the first quarter. Morgan Stanley now owns 1,657,220 shares of the restaurant operator’s stock worth $29,333,000 after buying an additional 716,800 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of The Habit Restaurants by 11.9% in the first quarter. Vanguard Group Inc. now owns 1,416,536 shares of the restaurant operator’s stock worth $25,072,000 after buying an additional 150,622 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of The Habit Restaurants by 18.7% in the first quarter. Renaissance Technologies LLC now owns 918,400 shares of the restaurant operator’s stock worth $16,256,000 after buying an additional 144,400 shares during the last quarter. Elk Creek Partners LLC increased its stake in shares of The Habit Restaurants by 35.9% in the first quarter. Elk Creek Partners LLC now owns 693,922 shares of the restaurant operator’s stock worth $12,282,000 after buying an additional 183,396 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of The Habit Restaurants by 10.0% in the first quarter. Frontier Capital Management Co. LLC now owns 369,768 shares of the restaurant operator’s stock worth $6,545,000 after buying an additional 33,518 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Shares of The Habit Restaurants, Inc. (HABT) opened at 14.00 on Friday. The firm has a 50-day moving average price of $16.00 and a 200-day moving average price of $16.49. The Habit Restaurants, Inc. has a one year low of $13.00 and a one year high of $19.75. The company has a market capitalization of $284.65 million, a P/E ratio of 54.26 and a beta of 1.04.

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

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

About The Habit Restaurants

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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