Zacks Investment Research upgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a buy rating in a research note released on Friday. Zacks Investment Research currently has $19.00 target price on the restaurant operator’s stock.

According to Zacks, “The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California. “

A number of other equities analysts also recently weighed in on the stock. ValuEngine raised shares of Habit Restaurants from a hold rating to a buy rating in a research note on Friday, August 3rd. BidaskClub raised shares of Habit Restaurants from a buy rating to a strong-buy rating in a research note on Wednesday, August 1st. TheStreet raised shares of Habit Restaurants from a d rating to a c- rating in a research note on Monday, July 30th. Stephens reaffirmed a hold rating and issued a $14.00 target price on shares of Habit Restaurants in a research note on Thursday, August 2nd. Finally, Maxim Group boosted their target price on shares of Habit Restaurants from $12.00 to $15.00 and gave the stock a buy rating in a research note on Thursday, August 2nd. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $14.57.

Shares of HABT stock opened at $16.90 on Friday. Habit Restaurants has a 12-month low of $8.10 and a 12-month high of $18.30. The stock has a market cap of $453.23 million, a P/E ratio of 105.63, a PEG ratio of 11.65 and a beta of 0.91. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Habit Restaurants (NASDAQ:HABT) last announced its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Habit Restaurants had a negative net margin of 0.84% and a positive return on equity of 1.68%. The firm had revenue of $102.85 million during the quarter, compared to the consensus estimate of $99.68 million. During the same period last year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. equities research analysts expect that Habit Restaurants will post 0.05 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC raised its stake in shares of Habit Restaurants by 151.1% in the first quarter. Jane Street Group LLC now owns 28,369 shares of the restaurant operator’s stock worth $250,000 after acquiring an additional 17,070 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Habit Restaurants by 27.6% during the first quarter. Dimensional Fund Advisors LP now owns 618,504 shares of the restaurant operator’s stock worth $5,443,000 after buying an additional 133,643 shares during the last quarter. Penn Capital Management Co. Inc. raised its stake in shares of Habit Restaurants by 17.9% during the second quarter. Penn Capital Management Co. Inc. now owns 415,299 shares of the restaurant operator’s stock worth $4,153,000 after buying an additional 63,148 shares during the last quarter. Barclays PLC raised its stake in shares of Habit Restaurants by 173.1% during the first quarter. Barclays PLC now owns 23,131 shares of the restaurant operator’s stock worth $203,000 after buying an additional 14,662 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Habit Restaurants during the first quarter worth approximately $796,000. 59.57% of the stock is owned by institutional investors.

About Habit Restaurants

The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.

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