California State Teachers Retirement System Has $565,000 Holdings in Habit Restaurants Inc (HABT)
California State Teachers Retirement System raised its stake in Habit Restaurants Inc (NASDAQ:HABT) by 34.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,734 shares of the restaurant operator’s stock after purchasing an additional 9,200 shares during the period. California State Teachers Retirement System owned about 0.18% of Habit Restaurants worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. OxFORD Asset Management LLP acquired a new stake in shares of Habit Restaurants during the 2nd quarter worth about $168,000. Nationwide Fund Advisors raised its position in shares of Habit Restaurants by 52.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock worth $181,000 after acquiring an additional 3,949 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Habit Restaurants during the 2nd quarter worth about $256,000. The Manufacturers Life Insurance Company raised its position in shares of Habit Restaurants by 43.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,137 shares of the restaurant operator’s stock worth $271,000 after acquiring an additional 5,151 shares in the last quarter. Finally, Wrapmanager Inc. raised its position in shares of Habit Restaurants by 36.4% during the 2nd quarter. Wrapmanager Inc. now owns 19,977 shares of the restaurant operator’s stock worth $316,000 after acquiring an additional 5,331 shares in the last quarter. 76.32% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on HABT. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Habit Restaurants in a research report on Monday, October 9th. Stephens dropped their price target on Habit Restaurants from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Wedbush downgraded Habit Restaurants from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $14.00 in a research note on Tuesday, September 26th. Cowen restated a “hold” rating and set a $16.00 price target on shares of Habit Restaurants in a research note on Tuesday, September 12th. Finally, Zacks Investment Research upgraded Habit Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.36.
Habit Restaurants Inc (NASDAQ HABT) opened at $9.85 on Wednesday. The stock has a market capitalization of $255.04, a P/E ratio of 42.61, a P/E/G ratio of 2.60 and a beta of 0.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.39 and a current ratio of 1.43. Habit Restaurants Inc has a 12 month low of $8.85 and a 12 month high of $19.75.
Habit Restaurants (NASDAQ:HABT) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $85.77 million. Habit Restaurants had a return on equity of 4.09% and a net margin of 1.46%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. analysts expect that Habit Restaurants Inc will post 0.16 earnings per share for the current fiscal year.
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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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