Zacks Investment Research upgraded shares of Habit Restaurants (NASDAQ:HABT) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Zacks.com reports. They currently have $11.00 price objective 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 have also recently issued reports on HABT. BidaskClub cut Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday. Wedbush reiterated a buy rating on shares of Liquidia Technologies in a report on Thursday, May 2nd. Maxim Group reiterated a buy rating and issued a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 24th. Finally, ValuEngine upgraded USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Habit Restaurants has a consensus rating of Hold and a consensus price target of $16.17.

Habit Restaurants stock opened at $10.07 on Wednesday. Habit Restaurants has a 52 week low of $9.60 and a 52 week high of $18.30. The business’s 50-day simple moving average is $10.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a market capitalization of $260.05 million, a PE ratio of 66.40, a price-to-earnings-growth ratio of 3.69 and a beta of 1.01.

Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Habit Restaurants had a return on equity of 2.72% and a net margin of 0.47%. The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $105.51 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities research analysts predict that Habit Restaurants will post 0.14 EPS for the current year.

A number of hedge funds have recently modified their holdings of HABT. BNP Paribas Arbitrage SA boosted its holdings in Habit Restaurants by 512.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 3,547 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in Habit Restaurants by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 5,590 shares during the period. Macquarie Group Ltd. purchased a new stake in Habit Restaurants during the 4th quarter valued at about $100,000. Stephens Inc. AR purchased a new stake in Habit Restaurants during the 1st quarter valued at about $130,000. Finally, Stifel Financial Corp purchased a new stake in Habit Restaurants during the 4th quarter valued at about $132,000. Institutional investors own 63.64% of the company’s stock.

Habit Restaurants Company Profile

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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